Full text of Treasury Bulletin : January 1945
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ROO^
c^
URRARY ^
'^f>OM
JUN
^^imH\
9.
5030
1
1972
DEPAfiTMENT
V
I
BULLETIN
OF THE
/y.c;
TREASURY DEPARTMENT
JANUARY
1945
Analysis of Receipts and Expenditures
Composition of the Public Debt
Prices and Yields of Government Securities
Other Treasury Statistics
Library
'^OOIVJ
UNITED STATES
TREASURY DEPARTMENT
OFRCE OF THE SECRETARY
—
5030
m nW7
'^ '^'^
'"fASUftV DEPARTMENT
,
.
Treasury Bulletin
Cumulative Table of Contents
Issue and page
mmber
191*
19'*5
JulyJune
Aag
MsT*
Apr.
Mar.
Feb.
Articles
Mar
L05:i8:
Sli'.'i
War Loan, Moveal)er-Deceol)er, Vf^k:
^^es of BQCurltiet, olaonified
end
I'y
V
IssuAfl,
"by
typet of l&Tssto
States
Sales patterns for Loan and sales reported t)rrou^ Qeoeir^er 7,,
Oatllne of plans
ComparlaoD of feattires of securli'.las offered
A-7
A-gA-9
rifth »or Loan, June-July 1?*:
Sales of seevirltlee, clasrlfled
and by States
bjr
ieeuos,
1>y
types of Inreetor,
A-lA-15
Outline oi plans
Ocmparlson of features of seourltles offered.
A-5
rourth War loan, Januaiy-lte^ruory 1^H>»
Sales of sanurltles, olasstfled by issues*
and %7 States
Prftllffllnary
typoa of lurefttor,
)iy
*«
report on sales.
Security purchases outside wax loaas
emneat a^rrles and trant fundei
Sixth War Loan
fifth War Loon
Iburta War Loan
*
l)y
oomoerclal banks
laid
by ^- S'
'^'^~
,
Xxolee taxes Is the Cnlted States, Caanda, and United
A-2-
Kin^dxiBi
i-3
Wer flBwoe policies (Hires speeches by the Seoretaiy of the Treasoxy) ....
tMted
Assets end liabilities of all aoilve baake in the
31, 1939 through Juae JO, 19!*.
States, Seoenber
A-10i^lj
TJnited States eBTincs bonds - new proTlsions for
red«iii;>tioii
nnsDOial operatloae of United States OoTemneat
<!iu'lng
Banic deposits, eeoisrajhio
Ustributios oa Seoeaber
throu^ bsoka..
fleoal year I9U4,
,
31, I9H1, 19U3, cad 19>t3
Oerporate net Insone, locome taxes, and divldaadi, 193S-19l4l(
A.2-
,
*-3
Ireaiury narkot f iseaelac
A.1S-
A.1S
,
iui3
Bu mmary of fleoal »ta tletl
^d^baxy
s
rooelpte and' «ipendlturei
Fablio debt
duid
,.,.,,.
,
,
(uareateed obll(ationc outstaadiiK,
Miens of flu«oia4t eaeh re^treoeato
HBoalPtt and expendlturn an d tpproprlatlont
BudAetary reaeipta tad expendlturesi
S^umvy b7 najor elasal float! one
iniil.v9iB of reoeipts froa la^seraal revenue
ia.U7Siii of (oseral expenditures
,
Analysis of eiqpeadltures for ver aetlTieiee
,,,,,
Aaalysls of expeadlturns for (1) r*7olTlo< fuady and (e) transfere to
7
7
(
9
trust oo^&unts, etc,
,..•.
Total bud^tai? receipts aad exjiandltures, by aoatha, for reeeat ysars.
Trust eocouatf, etc. receipts and e;yianditures
,
Means of flnnolag
ouh re^iieneati...
Sooial Security proj^eoii
Bud^ttiy receipt! and expeaditureei
Social Stnu^lty Aat ,....,
Xnllro.m Itntiroient Aot
9
10-U
12
13
,
,
,
,
,
IJ
13
«
lUllrtiHd Uneffiploynent Zasuroffoe Aot,
Stateneut of trust aocouatsl
I'edcrnl Old-i«e aad SuxTivors laiuraaae Trust fund
Bellroad Ketlrnnont Aaoooat
,
Oienployoent Trust SvnA
,.
,
,,,.
lU
Ik
lU
lU
13
13
«
13
lU
lU
lU
lU
It)
lit
lU
lU
15-1« 1S-1$ 15-1«
ISiS
i;-i6
lit
lU
Apprcprlntions and net contract aithorlaatioaa for the ver aettTttlec pre-
grm.
Cash laoene aad outgo of the Ireasuryi
inalysis by naJor olasclflcatloao.,..
Total cosh Iwoige aad outgo by nontho betjlaalae wtthi
January I93S
Jnauary 1939
•
,
17
17
171
17
,
(loatiaued oa follovlBc page)
17
17
5-6
*'tt
Jan
.
January
1945
Cumulative Table of Contents
-
(Continued)
and page number
19U5
JulyFund, of the Treasury
Assets, liabilities, and balance In General ?und.
Analyele of chajiges in balance of Oeneral Fund..
General
.
Publlo debt and guaranteed obllgatlona of United States Qovemment
Public debt GUid guaranteed obllgatlonel
Detailed statement
yiscal years 1935-19lt^
Monthly dAta
Chart
.
2V2U
J3-2lt 23-21* 23-21* 23-2I*
2U-25
26
3U-25
214-2'
2li-2i
25-26 23-2l( 23-2U 23-2l(
27
25
25
25
Public debit
Issuance and retirement (receipts and e^enditures)
Interest-bearing debt, composition of
Oiaaranteed obllgatlona held by Treasury
Debt position of United States OoTemment under limitations Imposed by
Section 21 of the Second Liberty Bond Act. as amended:
December 31 19U3
March 3I I9UU
June 30, ISWi
September 30, igUU
,
".
.
28
28
Computed Interest charge and computed interest rate
Matiirity schedule of Interest-bearing public marketable securities issued
or guaranteed by the United States
Offerings of marlcetable iesues of Treasury bonds, notes, and oertlfieates
of Indebtedness
Disposition of matured marketable Issries of Treasury bonds, notes, and
certificates of indebtedness
27
27
27
27
29
26
31
31
32'
31
31
33
32
32
33
32
32
3U
30
Offerings and maturities of Treasury bills
33-3'* 33-3'* 3'*-35 33-3'* 33-3'* 35-36
United States saTlnge bonds;
Summary of sales and redemptions, by series
Sales by series, classified by denominations
Sales to investors other than commercial banks by seriee. classified
by States
Payroll saTlngs plane
26
27
26
26
27
28-30 28-30 29-31 28-30 28-30 30-32 27-29 27-29 28-30 27-29 27-29 28-30
30
31
30
30
31
31-32 31-32 32-33 31-32 31-32 32-33
35-36 35-36 36-37 35-36 35-36 37-3« 33-3'* 33-3"* 3't-35 33-3'* 33-3'* 3'*-35
38
37
37
37
37
36 35-36
39
35
35
39-Uo'
1(0-1(1
Ul
Treasury notes - tax and savings series:
Summary of sales and redemptions, by series
Sales, classified by:
Denomination
Type of purctaaeer
1(2
UO-Ul
U2
36-37 36-37 37-38 37-38 36-37 37-38
38
38
38
39
39
39
i|2-U3
39-1(0
1(2
I
Ul
Ul
Iblted States saTlnge stampe:
Sumnary of sales and redemptions
Sales, classified by:
Denomination
States
1*5
'*5
Ownership of United States Qovernment seourltles
Summary distribution, by holders
Estimated ownership by various classes of bank and non-bank inreetorB.
.
.
Market transactions in OoTernment eecuritle's for Treasury investment.
accounts, monthly beginning January 1937
Treasury Survey of Ownership:
Ownership by banks and Insurance companies:
November 30. I9I13
December 31 19U3
January 3I I9W
February 29. 19^+
March 3I, 19Mt
April 30. 19^
May 31, 19*+^
June 30, I9I1U
July 31 19Wt
August 31 19^
September 3O. I9UU
October 31 19^1
52-57
'*7-52
52-57
U6-51
U7-52
52-57
52-57 U6-51
U6-51
,
;
,
U5-US
U9-52
1(7-50
U7-50
.
.
U7-5O
itT-50
.
Heclassif Ication of data on banks, monthly November 3C> 19^3
through February 29. 19^
52-57
•
Ownership by
commercial
December
June 30.
various classes of Federal Eeserve member and nonmember
banks:
31
19^3
igUU
58-63
,
(Continued on following page)
51-51*
Treasury Bulletin
Cumulative Table of Contents
-
(Continued)
January
1^45
A-l
Sales of Securities in the Sixth War Loan
Summary
Sales of United States Oovernment aeourltles
the Sixth War Loan reached a total of $21.6
billions, the highest volume of sales In any war
loan thus far, and more than $7-6 billions In excess of the ^I'l- billions quota for the Loan.
Sales to Individuals aggregated $5.9 billions as
compared with a quota of §5 billions, and sales
to corporations and other Investors reached |15.7
billions as compared with a goal of $9 billions.
The $5 billions goal for Individuals was divided
between %2.'~ billions for Series E bonds and $2.5
billions for other securities. Both of these
Quotas were exceeded by a substantial margin.
The following table summarizes sales and goals
for Individuals, and for corporations and other
Investors.
The term Individuals, throughout this
article. Includes partnerships and personal trust
In
accounts.
Class of Investor
^
Treasury Bulletin
Chart
I
SALES DURING SIXTH WAR LOAN
By
Investor Classes
and by Issues
"
DOLLARS
Billions
22
22
..^1.6-
rSeries
20
Individuals
E Savings
Series
F
Bonds
and G
Savings Bonds
18
24
16
14
'Series
C
Savings Notes
^^
Insurance Companies'
3.2
^g%
Certificates
(Dec.
I,
1945)
12
I
Savings Banks
10
Corporations and ,
Associations
Savings and Loan
Associations
J'/4
,2%
15.
1947)
Treasury Bonds
(Dae. 15,
1952-54)
^
;0.6i
and Local
Governments
Treasury Notes
(Sept.
8.0
%
Treasury Bonds
2'/e
(March 15. 1966-71)
03
Dealers and Brokers j
State
%
i
Investor
Classes
Issues
20
January
1^45
A-3
the Treasury by declining to make loans for purchases of Government securities for speculative
This policy,
purposes during the Sixth War Loan.
Intended to Imply any disaphov.'ever, was
not
proval of loans to enable Investors to purchase
securities In anticipation of Income, provided
that the loans were on a short-term or amortization basis fully repayable within six months.
These principles were set forth In the Joint
statement on bank loans by national and State
bank supervisory authorities on November 23,
19't-2. This statement was reprinted In the "Treasury Bulletin" for March 19'+^, page A-3.
The
Treasury also requested that oommeroial banks not
make loans for the piurpose of acquiring the drive
securities later for their ttan account.
The pattern of organization that was followed during the Fifth War Loan was further expanded and enlarged during the Sixth Loan. As in
previous drives, basic
organization
followed
State, county, and local geographical lines. Approximately 6 million persons acted as volunteer
salesmen as more stress than ever before was
placed on personally soliciting potential buyers.
There were 75>000 issuing agents cooperating
issuing the millions of pieces of Series E savings bonds sold during the Sixth War Loan.
m
Women's
organizations,
American
Legion
Posts, foreign language, fraternal, and religious
groups, schools, and youth agencies were especially active in sales work during the drive.
Fanners and farm organizations also played an important part.
Each of the agricultural States
had special farm programs which included farm-tofarm canvass by members of their volunteer bond
Retail stores cooperated by participating
corps.
in a national windovj display contest, oontrlbutIng free newspaper advertising and assuming an
over-all quota of $300 in bond sales per salesTheaters were again very active during
person.
the drive, holding special War Bond shows at
which admittance was by war bond purchase. Sponsored newspaper advertising and radio time contributed much tovfard making the drive a success.
The armed services participated extensively, providing personnel, exhibits, and demonstrations.
Quotas were established for employees of
many manufacturing plants and individual businesses,
the most common quota being an extra $100
bond for the two months period of the drive, to
be met through a combination of cash purchases
Labor and manageand extra payroll allotments.
ment groups undertook a Joint responsibility In
canvassing individual subscribers both in the
plants and at their homes.
The American Bankers Association, through
Loan Committee, again cooperated extensively in the drive. Members were requested to
accept a program which included the responsibilBanks enity of canvassing their depositors.
tered the community program by undertaking to
help In the sales woric to reach quotas established for cities, towns, and localities and in
many localities accepted sales quotas themselves.
its War
In order to prevent disturbances
to
the
money market and the banking situation the practice started In previous war loans was used again
to avoid transfers of funds by subscribers who
wished to help local communities make their
quotas.
Under this procedure, the Treasury and
the Federal Reserve Banks undertook to give statistical credit to the various localities for
subscriptions made by Individuals with interests
in more than one community or for purchases made
at the central offices of business organizations
operating in more than one area.
In the case of many large business organizations. Series E bonds bought by employees under
payroll savings plans or during special plant
drives were Issued from a central office;
the
procedure worked out for allocating credit made
it possible in these cases to transfer the credit
to the purchaser's home address or to the place
of his employment.
Likewise, stubs representing
sales by the Federal Reserve Banks, the Office of
the Treasurer of the United States, etc., were
sorted by counties in order to pass credits to
local communities.
Sales by Issuing agents whose
activities are largely confined to one city or
county, (such as banks, post offices, etc.) were
credited to the county of their location. All
subscriptions from insurance companies were assigned to the State of the home office, as in the
past.
Development of Quotas
As already noted the national quota for the
Sixth War Loan of %\K billions was divided between $5 billions for Individuals and $9 billions
for corporations and other investors.
These objectives were set after consideration of the financial needs of the Treasury in the months
ahead, and after careful review of the funds accumulating in the hands of different Investor
classes during the war period, and particularly
in the period since the close of the Fifth War
Loan.
—
Production, in general
and war production
In particular
creates a pool of funds which
the Treasury must draw on as much as possible to
finance the war.
Production turns out physical
goods and services for war and civilian purposes;
it also generates, at the same time. Income equal
In amount to the value of production.
What the
people of the Nation receive as income is simply
the equivalent of what they produce as goods and
services.
If the Federal Oovernment, therefore,
spends more than it receives In taxes, the people
of the country have more income left than they
can use to purchase the limited supply of goods
and services without driving up prices.
For the
Federal Government, a deficit results; for the
rest of the economy, an Identical surplus.
It is
precisely this surplus which exercises an inflationary pressure on the price level, and which
the Government endeavors to reach to the greatest
possible extent through its borrowing program.
—
In the calendar year
19'*-'t-i
total Federal ex-
Treasury Bulletin
A-U
pendltures, Including net outlays of Government
Net
corporations, amounted to $97-8 billions.
budgetary receipts aggregated $U-4.4 billions,
leaving a deficit of $53.3 billions to be financed through borrowing. Liquid savings equivalent to this S53 billions were made up of about
$k^y billions by Individuals, approximately #7 billions by corporations, and ^2 billions by State
The $M*- billions of liqand local governments.
uid savings by individuals comprises three broad
groups of savings:
(1) savings from wages and
salaries, dividends, interest, rents, and royalties; (2) savings from farm operations and from
unincorporated businesses, including allowai see
for reserves for depreciation, depletion, etc.,
set up by these businesses, but not Invested in
new capital assets; and (3) savings in the fonn
of social security aooumulatlons.
In analyzing these savings from the point
of view of the war bond program allowance must be
made for the fact that large sunounts of new savings are transferred, in effect, to other investors rather than being held by the person or
business originally doing the saving. Debt repayment, for example, transfers funds to banks,
mortgage companies, savings and loan assoolations, insurance companies, and other investor
Savings in the form of insurance efclasses.
fectively transfer funds from individuals and
New deposits
businesses to insurance companies.
In savings accounts transfer funds to mutual savings banks, ooranerclal banks, or the postal savSuch transfers of funds particuings system.
larly reduce the amount of new savings in the
hands of individuals which may be tapped directly
in war loan drives and Increase the amount of securities which may be sold to institutional investors, such as insurance companies and mutual
These transfers were taken into
savings banks.
account in setting natloncil quotas for the Sixth
War Loan.
In conformity with the decentralized operation of the war loan program, the national quotas
were broken down by States and supplied to the
respective chairmen of the State War Finance Committees several weeks before the opening of the
State quotas were in turn broken down by
drive.
the State chairmen by counties and frequently by
Certain economic data
other geographical units.
were provided the State chairmen for this purpose
but the breakdown into local quotas was ultimately determined in each State in conformity
with local conditions.
Dally Progress Charts
In order to enable the State, county, or
local war finance chairmen to measure the progress of the campaign in their areas, a statistical reporting system which had been Inaugurated
during earlier drives was used extensively during
the Sixth Vlar Loan.
Although only sales to individvialfl were announced
to
the public by the
Treasury during the period from November 20 to
December 1 --- in conformity with the emphasis being placed on sales to individuals during the
—
loan
dally reports were compiled from the beginning of the drive showing subscriptions for
each issue by individuals and by ail other Investor groups as a whole in each county in the
United States.
More detailed Information was
supplied for each State as a whole, showing
purchases
by each
of
each
issue
investor
class.
The State chairmen were also provided with a
set of charts on which they could plot the dally
These charts
sales progress by investor classes.
showed the sales patterns, worked out prior to
t'le Sixth 'iar Loan, which It was bellev'--d c:n!ulative sales would have to reach each day to make
the goal.
Separate analyses were provided for
(1) all investor classes, (2) corporations, (3) individuals, {U-) Series E bond sales, and (5) sales
individuals.
The sales
of other securities
to
patterns were worked out on the basis of experifactors In previous
ence with different time
drives.
Chart P. presents this information for
one State (Illinois) showing the dally progress
The solid line In
up to the close of the drive.
the chart shows actual sales as they were plotted
from day to day, while the bi'oken line shows the
sales pattern for each of tne several categories.
Chart 3 presents similar information for the
United States as a whole.
It will be noted that
the ove]>all national quota of ^iH- billions was
passed on December 7> at which time the sales
pattern called for sales of slightly less than
|10 billions.
The corporation goal
of $9 billions was exceeded on December k-, while the goal
for Individuals was not passed until December 22.
Securities Offered
The eight securities offered for sale In the
Sixth War Loan were similar to those offered in
the Fifth.
The four nonmarketable and four marketable issues which were included are outlined
below:
Nonmarketable issues:
Savings bonds:
Series £
Series F and &
Savings notes. Series C
Marketable issues:
7/g^ Certificates of Indebtedness,
due 12/1A5
1-1/4^ Treasury notes, due 9/15/'^7
2i> Treasury bonds, due 12/15/54and callable by the Treasury on
or after I2/15/52
2-1/2^ Treasury bonds, due 3/15/7I
and callable by the Treasury on
or after 3/15/66
The chief characteristics of the ssouritles
offered in the Sixth War Loan are fiilly ueeorlbed
in the "Treasury Bulletin" for November ISV^ on
All marketable issues availpages A-S and A-9.
able during the Sixth War Lean bore interest from
Deosmber 1, 19^.
The Treasury requested that
January
1^5
^5
Chart 2
ILLINOIS
Actual Sales
DOLLAR
Millions
in
6TH War Loan Compared with Expected Sales Pattern
CUMULATIVE
6
A-
Treasury Bulletin
Chart 3
Actual Sales
in
U.S. TOTAL
6TH War Loan Compared with Expected Sales
CUMULATIVE
DOLLARS
Pattern
January
1^45
there be no trading In these securities, and no
purchases other than on direct subscription, unThe 2-1/2^ Treasury bonds
til after December l6.
of 1966-71 cannot be held by oommerclal banks
prior to December 1, 195'*'. except when acquired
for the limited Investment of time deposits as
discussed on page A-IS.
Final decisions on the securities offered
for sale In the Slrth War Loan were the result of
experience during previous drives and recommendations received by the Treasury while plans for
the drive were under consideration.
The two marketable bond Issues varied with respect to Interest rates, maturities, marketability, etc., and
thus met the needs of Investors with financial
plans calling either for medium-term or for longIn addition, the redemption
tem securities.
features of the savings bonds provided liquidity
Individuals
with
relatively small resources.
for
The certificates and the savings and Treasury
notes, on the other hand, were Intended to supply
an Investment outlet for business organizations.
State and local governments, and others who were
looking for a high degree of liquidity In the
placing of shorter term funds.
Sales by Classes of Investors
and by Issues
In Chart 1 total sales In the Sixth War Loan
are distributed according to (1) Investor classes
r.nd'2) kinds of securities. Further detail on the
distribution
of
aggregate sales by Investor
cissses and by Issues Is given In Table 1.
A
comparison of goals and actual purchases for the
major Investor groups Is shown In Chart 4-.
As already noted sales to Individuals aggregated $5-9 billions, 18% In excess of the quota.
Sales of Series E bonds reached $2.9 billions,
passing the $2.5 billions quota by 15%. Sales of
other securities to Individuals exceeded the %2.^
billions goal by a somewhat larger margin (21%).
Total sales of II5.7 billions to corporations and other Investors, as already noted, exOf this
ceeded the $9 billions quota by 75%.
group, sales to Insurance companies reached $3-2
billions, and sales to savings banks totaled $2.3
Of the remaining $10.2 billions of
billions.
sales to corporations and other Investors, $8.0
billions went to corporations and associations,
$0.6 billions to savings and loan associations,
$0.3 billions to dealers and brokers, and $1.3
Sales
billions to State and looal governments.
to savings and loan associations are classified
separately for the first time In the Sixth War
Previously they were Included with corpoLoan.
rations and associations.
The distribution of sales of the various Issues offered during the drive Is shown In the
table below. As In prior war loans sales of mar-
A-7
Security
Treasury Bulletin
Map
I
TOTAL SALES
IN 6^"
Percent of Quota Reached
WAR LOAN
in
Each State
LEGEND
CHOne/er /30%
C3/30%fo/49%
^/50% to 169%
^M/7'0% or over
Map 2
SALES TO CORPORATIONS AND OTHER INVESTORS^
IN 6TH WAR LOAN
Percent of Quota Reached
in
Each State
LEGEND
W^Under 160%
^^/60% fo 179%
^^180% to 199%
^^200%
or over
1/
Excluding individuals, partnerships, and personal trust accounts.
January
i^5
A-9
Mop 3
SALES TO INDIVIDUALS^
WAR LOAN
IN 6^"
in Each State
Percent of Quota Reached
[
Under 100 y
W^IOO% to 119%
^^120% to 139%
^^140% or over
!j Including
partnerships and personal trust accounts.
Map 4
SALES OF SERIES
E SAVING
BONDS
Percent of Quota Reached
LEGEND
rounder 100%
^^100%
to
119%
\/20%
to
139%
\l40%or over
in
IN 6^"
Each State
WAR LOAN
Treasury Bulletin
State and local governmente InTreasury bonds.
vested primarily In the 7/S^ oortlfloates and the
2^ bonds.
Subscriptions Under the Deferred
Payment Plan
The deferred payment plan allowed certain
groups of Investara through February 28, 19^5 to
make full payment for their subscriptions to the
S-10 year 2^ Treasury bonds of 1952-54^ and to the
long-term 2-1/2^ Treasury bonds of I966-7I. The
securities themselves are delivered only as final
The Investors permitted to
payment Is received.
use this plan were: life Insurance companies,
savings Institutions, State and local governmental units, and similar public corporations and
agencies.
The table below shows subscriptions made under the deferred payment plan by Investor classes
and Issues.
Class of Investor
Total
2-1/25^
2^
Not
Treas- Treas- classiury
ury
fied
bonds bonds
(In millions of dollars)
Savings banks
Insurance companies.
State and local governments
Savings and loan
associations
Fraternal benefit
associations and
other Investors..,
Total
1^28
8
1^32
2l^
76
6
985
January
1^5
Chart
4
GOALS AND SALES FOR SIX WAR LOANS
By
investor Classes
Goals
|H|
Sales
Individuals
5
-^ Treasury mvestmenf accounts
2/ Combined goal of $4 billion
war loans
for all investors excluding commercial banks
No separate goal was set for Series E bonds
-^ This figure represents the fixed amount which commercial banks were allowed
were included only
th.
6
th.
in the first three
^
to buy. rather than o goal for such investors
Treasury Bulletin
sales and do not Indicate the net absoi^ptlon of
securities by Investor classes.
Commercial
banks
2/
Amounts In billions of dollars
First
January
1945
A- 13
Table 1.- Sales of Securities In the Sixth War Loan,
by Classes of Investors and by Issues
Olaoe of Investor
.. .
,. .
.
.. ...
.
Treasury Bulletin
A-l4
Table 2.- Comparison of Goals and Sales of Securities
in the Sixth War Loan, by States
Corporations and
other Investors 2/
Individuals 1/
Percent
of goal
pllshed
Percent
of goal
aocompllehed
(Peroent)
(Percent)
Salee 3/
aoooiQ'
(In millions
of dollars)
64
145
149
144
Alabama.
Arizona.
Arkansas.
jNorthern.
,.^
<
Callfomla|so^,tbei.n.
/,
^51
Colorado
Connecticut
Delaware
District of Columbia.
128
132
129
622
166
122
150
1^?
37
(In millions
of dollars)
(Percent)
ISO
225
47
104
111
126
212
249
37
2S4
54
95
122
117
37
311
'^
'^
87
147
149
132
163
169
161
9
124
l4«
99
90
13s
56
56
91
95
9
15
1,03't-
1.532
365
323
14«
152
1S2
114
110
146
6S3
119
1,133
232
181
166
195
66
190
188
161
Kansas.
Kentucky.
Louisiana.
121
143
l6l
146
. .
124
92
106
i
?5
l4l
175
92
133
101
104
533
244
385
133
87
26
53
210
706
417
1,021
Michigan.
Minnesota.
Mississippi.
.
1+72
635
215
134
186
228
103
112
274
1+7
158
30
250
125
43
110
.
14^
17
31
15s
245
1S3
Missouri.
Montana.
Nebraska.
276
423
50
133
153
157
ife
lis
17
52
13?
26
54
lis
154
15s
io4
42
79
179
161
188
14
12s
221
172
231
139
15s
205
1,010
95
.
'?
94
Nevada
New Hampshire.
New Jersey.
. .
New Mexico
New York
North Carolina;
567
73
975
226
121
6.673
21
If-,
North Dakota.
Ohio
Oklahoma
29
47
713
90
1.050
13a
Oregon
Pennsylvania.
Rhode Island.
107
938
79
South Carolina.
South Dakota.
Tennessee
.
Texas.
162
147
153
147
13s
les
157
1.299
162
162
188
kg
29
117
I?
220
lak
3^
24
.
Utah
Vermont.
Virginia
Washington.
West Virginia.
.
136
143
165
169
24«
•
.
Wisconsin
Wyoming.
13
288
49
62
370
36
25
61
302
74
,^^
422
29
Alaska
3,426
60
5.664
154
425
41
f5
56s
43
'^
272
23
121
126
95
1S9
143
120
175
117
155
125
III
9
l4l
55
l4s
62
24
6
24
182
189
209
14
39
92
60
13s
126
122
24
74
38
27
31
745
6
155
105
150
75
72
195
265
159
3-5
138
111
127
194
53
Maine
Maryland
HassBohusette.
l'*3
19
'I
30
3'^
239
178
102
115
189
122
182
161
161
.
(In millions
of dollars)
201
185
16s
108
125
131
173
202
127
Peroent
of goal
acoompllahed
127
ijo
23
Florida.
Georgia.
Idaho.
Illinois.
Indiana.
Iowa
491
595
96
19
Sales 2/
Series E savings bonds
(Issue prloe)
10
56
74s
164
165
256
176
156
151
29
167
64
95
876
119
210
154
27s
54
180
15
41
45
23
188
230
261
l4S
32
169
210
214
67
89
30
149
229
76
222
258
254
146
261
5
9
179
175
16
15
320
34
39
204
16
126
14
5
139
Canal Zone
211
437
Hawaii
Puerto Rloo.
Virgin Islands.
.
.
Unallocated
V.
Total sales.
.
•
1/
?/
.
294
2,49s
'tl
33
14,000
21,621
154
Less than $500,000.
Includes partnerships and personal trust accounts.
Comprises Insurance companies, savings banks, corporations
and associations, savings and loan associations, dealers and
brokers, and State and local governments (Including their
9,000
¥/
7
15,739
175
2,500
2,
S6S
agencies and their tru.st, sinking, and investment funds),
for further details see Table 3.
Figures do not add to the total because of minor reporting differences.
1^5
January
A-15
Table 3.- Salee of Securities in the Sixth War Loan,
by States and by Classes of Investors
(In millions of dollara)
Sales to IsiUTiauals 1/
(Classified by seouritiVs)
Savings bonds
(issue prise)
Sales to oorporations and other investors
(Olaesified by investor classes)
Savings
notes
and
oarket-
Insurance
companies
able se-
Savings Dealers
and loan
and
and
associa- associa- brokers
tions
tions 2/
ouritiss
Alabama.
Arizona.
Arkansas.
lUO
II
37
jNorthsrn.
. . ^
.
Oalifornla|southern.
Colorado
U91
595
96
ISO
225
Connecticut
Delaware
District of Columbia.
622
Florida.
Georgia.
Idaho
161
161
..
19
„
.
3'V
.
Illinois.
Indiana.
Iowa
1.532
365
J23
Kansas.
Kentucky.
Louis icma.
.
1^?
1,021
Michigan.
Minnesota.
Mississippi.
635
Missouri.
Montana.
Nebraska.
423
50
133
.
.
.
Nevada
New Rampshir
Hew Jersey.
73
975
North Dakota.
Ohio
Oklahoma
South Carolina.
South Dakota.
Tennessee
.
.
6.673
Wisconsin.
Wyoming.
101
n
56
67
19
91
95
15
1,133
232
181
882
168
83
loo
132
iiV3
194
166
t5
75
72
55
70
66
92
87
?5
iin
175
14
250
125
l48
62
385
274
1*3
24
31
258
182
26
13?
26
68
16
35
2?2
221
5'^
2^6
39
92
68
348
25
111
257
II
4
6
13
3
60
5
231
110
71^5
438
175
4
5.664
15^
1,427
2,44^
5
1,010
95
4
1.050
138
302
167
108
19
748
7"*
39
31
64
157
,^'
422
29
41
17
179
95
876
119
I?
220
t
Virginia
Washington
West Virginia.
155
21
59f
Utah
Vermont.
258
87
^7
Oregon
Pennsylvania.
Rhode Island.
Texas.
%
5'^
11*
New Mexico
New York
North Carolina.
187
136
'^
IW
Maine
Maryland
Massachusetts.
57
\l
311
^1
1^3
161
,
76
19
27
204
16
1,357
36
446
52
144
108
19
50
"6
529
35
5^
24
ill
7'*
272
23
126
127
14
'%
5
32
107
223
'^5
19
l49
m
99
106
68
'%
-65
387
125
s6i
13«
9
9
5
2lt«
.
239
76
85
92
Alaska
Canal Zona
Hawaii
Puerto Rico. ..
Virgin Islands.
.
Dnallocated
Jt/.
33
Total sales....
2l,6gl
5,882
2,868
522
Less than $500,000.
Includes partnerships and psrsonal trust accounts.
Includes purchases by United States Sovermnent agencies
and trust funds other than those identified as Treaeury investment accounts (dsfined in Table 4, foot-
2,492
^/
k/
15.739
3.196
2.314
8,049
564
317
Such purchases amounted to |42 millions.
note 6).
Includes their agencies and their trust, sinking, and investment funds.
Figures do not add to the total because of minor reporting
differences.
.
.
Treasury Bulletin
A-16
Table 4.- Comparison of Sales of Securities In the Six War Loans
by Classes of Investors and by Issues
(In mllllona of dollare)
Salee to nonbank Investors
Security and War Loan
Series E savings bonds (issue prloe)
First War Loan
Seoond War Loan
Third War Loan
Fourth War Loan
Fifth War Loan
Sixth War Loan
erles F and a savings bonds
First War Loan 8/
Seoond War Loan^S/
Third War Loan
Fourth War Loan
Fifth War Loan
Sixth War Loan
(
Indl^rlduale
1/
anoe
companies
Savings
banks
Corporations
and assoolatlons 2/, and
savings and
loan assoclatlons j/
3,187
3,036
2,868
726
1,473
2,472
3,187
3,036
2,868
726
1.473
2,472
3.187
3,036
2,868
2S8
667
831
1,024
813
719
288
667
831
1,024
818
719
216
425
565
242
231
522
341
207
172
1,335
1,652
2,483
2,232
2,575
2,429
1,335
1,652
2,483
2,232
2,575
2,429
188
132
193
183
181
146
1.147
1,520
2,262
1.997
2.271
2,242
726
lA??
2,
"4-72
Dealers
and
brokers
Salee
to oomState
Treasury merclal
and
Inveetbanks
looal
ment
1/
govern- aooounte
ments ^/
6/
iseue prloe)
Series C savings notes:
First War Loan «/ 9
oond War Loan 8/
Third War Loan.
Fourth War Loan,
Fifth War Loan..
Sixth War Loan.
treasury bills: 10 /
First War Loan.
Second War Loan.
7/8^6
Corporations and other Investors
Total
eales
to all
Inveetors
26
+7
120
40
906
810
906
810
Oertlfloates of Indebtedness:
First War Loan
(4ue 12/1/U3)
Seoond War Loan
(due U/l/UU)
Third War Loan
(due ^/l/Uk)
(duo S/l/Uj)
Fourth War Loan
Fifth War Loan
(due 6/l/lt5)
Sixth War Loan
(due 12/1/115)
121
246
366
496
his
339
3,800
5.251
4,122
5,036
1,67?
3,104
4,122
5,036
4)405
4|405
(due 3/15/lt7)
(due 3/l3/k7)
1,946
1,550
1,94s
1,550
(du« 6/15/W)
3,062
85
'*,939
472
1,220
1,322
1.295
1.339
540
561
752
417
502
1,382
1,582
1,585
1.095
1.357
1,603
4«3
550
1,593
3,290
5,377
5.309
6,351
5,882
1.699
2,408
2,620
2,l4l
2,769
3,196
620
1,195
1,50s
1,262
1,525
2,314
136
207
170
150
51
105
119
899
2,033
2,803
3. "79
46
3. 318
3,282
121
133
913
857
539
1,032
1.250
2,018
ll242
1,773
450
355
322
266
14S
64
2,121
2,147
241
452
582
524
l-l/45t Treasury notes:
Fifth War Loan
Sixth War Loan
119
198
l-'i/M^ Treasury bonds:
First War Loan
2^ Treasury bonds:
Seoond War Loan
Third War Loan
Fifth War Loan
Sixth War Loan
2-1
(due 9/15/50-52)
(due 9/15/51-53)
(due 6/15/52-5U)
(due 12/15/52-5U)
5,257
5,229
6,939
2,817
5,257
5,229
6,939
2,831
3,762
3,779
1,920
2,263
2,711
2,631
3,762
3,779
1,920
2,263
2,711
12,947
18,555
18,944
16,730
20,639
21,621
V?
18,944
16,730
20,639
21,621
703
894
924
A^
Treasury bonds:
Fourth War Loan
189
480
242
181
123
249
333
151
722
3.331
(due 9/15/56-59)
8 32
2-l/2?o Treasury bonds:
First War Loan
Second War Loan
Third War Loan
Fourth War Loan
Fifth War Loan
Sixth War Loan
(due 12/15/63-68)
(due 6/15/6U-69)
(due 12/15/61*-69)
(due 3/15/65-70)
(due 3/15/65-70)
(duo 3/15/66-71)
Dtal - All securities:
First War Loan
Second War Loan.
Third War Loan
Fourth War Loan....
Fifth War Loan
Sixth War Loan
.
1/
.
7,860
13,
Lees than $500,000.
Includes partnerships and personal trust accounts.
Includes purchases by United Statee Oovernment agencies
and trust funds other than those identified ae Treaeury
Such purInveetment aooounte (defined In footnote 6).
chases amounted to $32 millions in the Firet War Loan,
$42 millions in the Seoond, $82 millions in the Third,
$49 milllone in the Fourth, $32 mllliono in the Fifth,
and $42 milllone in the Sixth.
Purchaeee by eavinge and loan aaeoclations in the Sixth
War Loan are ehown eeparately for the first time in
Tables 1 and 3 of this article.
Figures for the Seoond War Loan exclude amounts distributed to or earmarked for nonbank Investors by dealers
and brokere; these araounte have been classified in the
appropriate nonbank Investor claasee.
35'^
265
560
473
256
249
286
2,625
5,187
7.121
6.796
8,201
8,613
239
886
544
S94
'^33
533
317
181
235
147
163
349
479
200
503
795
789
1,260
1,299
239
350
630
5,087
5.079
InoludeB their aganoiee and their trust, elnklng, and
Inveetment funde.
Treaeury Inveetment aooounte repreeent those United
Statee Oovernment agencies eind truet funds whose Investmente are handled through the faollltles of the Treasurr
Department, They were Included In the First, Seoond,
and Third War Loane only.
Included In Flret and Second War Loane only.
Salee of F and G savings bonde and Series C eavinge
notee to oorporatlone and other Inveetore in Firet
and Second War Loans were arbitrarily assigned to corporations and associations.
Includes salee of small amounts of Series A tax notes.
Figures represent net Inoreaee In Treaeury bills outstanding during Deoeober 19^ and April 19^3. respectively, and were arbitrarily assigned to commercial banke.
January
1^5
A-X7
Table 5.- Dates and Goals Relating to the Six War Loans
War Loan
Treasury Bulletin
A- 18
Security Purchases Outside the Sixth War Loan by Conmerclal Banks
and Treasury Investment Accounts
Commercial Banks
Concurrently with the Sixth War Loan, oommerolal banks were permitted to subscribe In
limited amounts to the 2^ and 2-1/2^ Treasury
bonds offered In the drive and to Series F and
The limit on such purchases was
savings bonds.
set at lO^i of the combined amount of time oertlfof individuals and nonprofit
deposit
loates of
corporations or associations, and of savings deposits, but not more than $500,000 for any one
savings
Purchases of the Series F and
bank..
bonds were restricted further by the regular annual limit of $100,000 issue price per subscriber
Subscriptions by comfor both issues combined.
mercial banks for the limited investment of time
deposits were not considered as part of the Sixth
War Loan nor were they credited toward attainment
of the quotas.
Subscriptions by commercial banks to the
issues available to them under these limits agDistribution of the
gregated $l,01'^ millions.
purchases by issues is presented below.
Deaorlptlon of
security
2^ Treasury bonds, 12/15/52-5'(2-1/2^ Treasury bonds, 3/15/o6-71.
Series F savings bonds
Series
savings bonds
Total
On November 20, the day on which the Sixth
War Loan drive commenced, subscription books were
opened for the exchange of the 7/^ certificates
of Indebtedness due December 1, 19W-, Into 0.90^
Treasury notes dated December 1, \S^, and maturing January 1, lSk6. Subscription books on this
offering were closed on November 22, except that
subscriptions amounting to $100,000 or lees were
accepted through November 25. Of the $3,5'K) millions of maturing certificates, $3,14-16 1/ millions, or 9651 were exchanged.
On November 20, the Treasury also offered
holders of the 4^ Treasury bonds of ISkk-^k, outstanding In the amount of $1,037 millions, and
called for redemption on December I5, 19U4, an
opportunity to exchange their holdings Into three
of the securities offered In the Sixth War Loan,
namely the l-l/l^^ Treasury notes due September
15» 19*^7. the 2^ Treasury bonds of December I5,
1952-51*-, and the 2-1/2^ Treasury bonds of Haroh
to the proviso that the
15, 1966-71, subject
2-1/2^ bonds may not be held by commercial banks
for their own account prior to December 1, 1954-.
Subscription books for this exchange transaction
remained open through December 9» except for
subscriptions of $100,000 or less, which were
received up to and Including December I5, the
SS6
72
19
37
l.Olil-
Treasury Investment Accounts
Subscriptions by Treasury Investment accounts totaled $762 millions during the period of
the Sixth War Loan.
These were divided between
662 millions of the 2-1/2^ and $100 millions of
the 2^ Treasury bonds offered in the drive. These
purchases, however, like those permitted to commercial banks, were not attributed to sales In
the Sixth War Loan.
Treasury investment accounts
are those United States Oovemment agencies and
trust funds whose Investments are handled through
the facilities of the Treasury Department.
Treasury Market Financing: Refunding of December
and 4% Treasury Bonds
Exchange offerings were made concurrently
with the Sixth War Loan for two outstanding
Treasury securities. These constituted the only
market financing operations, ^other than the regular weekly offerings of Treasuiry bills, In November and December 19't4.
Amount
purchased
(In millions
of dollars)
1
Certificates
payment date for the called bonds. Exchanges
amounted to $907 millions, or 871^ of the outstanding amount of the U^ bonds. These subscriptions were not counted toward the goals In the
Sixth War Loan. The distribution of accepted exchanges among the three new securities is shown
In the following table:
New Issue
January
1^5
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
Budgetary Receipts and Expenditures
(In Dlllloni of dollari)
Flr«t $ Bontha.
yart 19't3 to 19>>;
Coit>leta flaeal rsari, 19'»1 to 19U$
fiscal
Estimated
y
Cbaase
19Wt
I9W1
19''5
I9U5
19'»l
19Us
19't3
19't't
19U5
Change
Actual
Actual
19U3 to
ISWt to
actual attloated
igltlt
19U5 1/
I
Racelpta:
Internal reranua:
Income end profits taxes 2/
toployaent taxes
y
2,959
10.3"*7
10.713
+367
5.'»70
16.09U
3>t.655
3U.6l<
+18.561
-9
6a
7W
790
+1*3
925
l,li98
1.739
S.069
+21*1
+330
3,11'*
1.223
1.77"*
2,Ull
703
2,967
'.553
5.291
6,51U
+738
Customs
111*
175
-JH*
392
321*
1*31
362
107
-69
Other receipts U/
128
1,261
-1*51
916
JJ?2
2.376
363
5.596
ll>,9Uo
Mlscalloneo^s Intsmal roTsnua
Total raoalpta
1.838
1*5, U08
Least
Amounts transferred to federal QLd-i«e
and SuTTlTors Insurasfie Trust hnd ^.
Sxpendltures:
528
635
5.069
lU,305
869
+a6
7.607
1.1C3
22.2132
1*1*,
1U9
I.5II*
1*5.663
6/
Var aetlTltlest
20,378
19.989
1*7.900
«.977
-1,31*2
Ravy Department
9,933
12,613
28,500
5.61*9
1,962
Mlsoellaneoue var aotlTltlee.
'*,835
i*,oi*7
12.500
35.1"»7
36,0*9
2.303
lU,930
+1.861
Veterans' Idmlnletratlon 2/
258
1*91
127
PuMlc »orks
206
153
-110
-11
Aid to asrloulture 2/
3"*!
169
-251*
-260
Social Security program 10/
1*50
1*66
Var Departaent
Total var aotlTltles
8/
Vork Projects Adntnletratlea
9
l,2l*l
68
5
-252
-17
-18
OlTlllan Conservation Corps
566
Ixoeee profits tax refund toads 12/.
131*
Other 12/
l6g
820
603
801
+1,11*1
15,565
1*,660
Interest on the public debt.
Total expenditures 6/
28,607
37.560
Bet budgetary deficit 6/.
23.538
23.25"*
eel
•
1/
^
^
I*/
^
ffm.
6/
2/
-6.303
25.113
Iblly Treaaury Statements, eocoept as noted.
Less than $500,000.
Based upon Budget estimates rerlsad aa of Aogust 1, 191)1*.
Includes unjust enrichment tax and taxes withheld Tyy employers under
both the Serenns Act of 191*2 and the Onrrent Tax Fagrment Act of 19U3
Iter details aee follovlng ohapter on Seoelpts eDA Sxpendltures and
^ipropriatlons, Table 2.
Includes chiefly alcoholic bereraga texoa, tobacco taxes, manufacturers* and retailers' exciee taxes, and estate taxes.
Includes deposits resulting from the renegotiation of var oontrasts.
Information on the aaount of such deposits la not available on the
basis of Dally Treasury Statements. On the basis of cOTerlng vnrfiscal yecr 191)3. ^558 mllrante, such depositivere as followsi
llonsi fiscal year I9I1I*, $2,335 millions, of vhloh $113 mlllloni
resented a roluntaiy return of stzceas profits. Budget estlmatei
such deposits for the fiscal year 19U5 are $1,212 mlllloss.
Tor n^lanatlon, see tables In next chapter on Sodel Security proSicludes expenditures for public debt retirements vhloh are chargeable to the sinking ftind, etc. under special provisions of lar.
Includes expenditures classified aa trmsfers to trust aoooucts, etc
^
2/
10/
11/
12/
13/
3
.11*6
for the Adjoated Service Certificate Ami eai the National Serrlcs
Idfe Ineuraoioe ItioA,
Inolujdjos Public tfovics ^rnnsactlcne classified aa Bevolvlng IVuds
(net).
Includes Aid to agriculture transactloue olasalfied ao fievolvlng
TfasAt (net)] expenditures of the Ibpartment of A^-iculture classified aft Departioental In the I^ly Traaeury Statement: and Office of
Dlatrltiatloa troisejctlons olasalfied as transfero to trust accounts,
etc.
iHalsdaa aoqnodltarae classified aa transfer* te tnst accounts, etc.
for the Ballroed Betlreraant Account and th9 BMlroad Unemployment
Issnrasse Administration IVmd. Szoludes expenditures made by Office
for Snergenoy Masugement, War Manpoveir Commission (U. S. S^loymant
Serrloe) undar oithority of the Social Security Act.
Includes national Touth Admlnletratlon.
Repreaenta transfers to public debt accounts for excess profits tax
refund hon^s.
Includes departmental expandltures not otherwise classified end eaopendltures claeeifled as transfers to trust accounts, etc., for Govemment eoiployee retirement &al Insurance funda.
January
1^5
Public Debt and Guaranteed Obllgatione Outstanding
(Id ullllout of dollars)
Treasury Bulletin
RECEIPTS
AND EXPENDITURES
AND
APPRO PRI AT IONS
January
1^5
Budgetary Receipts and Expenditures
Table 1.-
Siuranary
by Major Classifications
(la alllloaa of dollar*)
Ib^andltorea 1/
Lett Bet aaooDt*
transferred to
Tederal Old-Ag*
net
and SorrlTort receipts
Inaurance Trust
Tond
Oroia roooiptt
Total
reoelpti
Total
expend—
Itnree
Oeaeral
War actlTltiai
Bevolvln^
funds
5/
(net)
6/
^
3. 800
3.278
3.513
3''3
U.U6
?•?'*
l».597
6,31)2
5,67")
19U1.,
l9Ue.,
5.668
5.925
8,269
13,668
5,161
5.303
7.362
5^6
359
319
yvi
392
389
191)1).
i);!uo8
22!l««
Ul,68$
2.370
5.737
2.115
5.IXU
3»»
2.779
2.75^
6.576
2,188
32
2.1)61)
250
2.503
6.573
i^rll.
Xay...
Juna.
3.119
3.256
2.935
6,2>I9
5.73")
Jnl7
ingQet. ...
S^ptaabar.
2.212
2.859
1.985
2.702
5.927
5.7>)9
Oetobar...
BoTaaber..
2.05!)
1.880
2.300
1935.
1936.
193T.
193«1939.
19l>3-l0T«ii1>ar.
Dsoaabar.
19>)U-JaiiuaT7.
7abraax7.
March....
Soureat
1/
2,506
32I)
5,0S9
5.855
5.165
5,387
7,607
12.799
22.282
7.010
8.666
8.177
7.239
8,707
8,998
12.711
32.397
78.179
U31
1)1),
11)9
93.71)1)
2.059
5.736
7.839
2,7'»7
7.570
7.862
8.525
1)79
6.2l)7
7.859
8,292
8.625
2,163
2,568
5.926
g.llO
8.119
7.930
2,001
8,021)
I),ll6
265
387
503
3')
6.353
306
3,021)
1)9
291
2^
2.2l)0
Sally Traa,«iu7 Stataaeots.
Leas than I3OO.OOO.
XxolTides BBomtta for public debt retlreaeat which are chargeable to
the alnklac ftmd, etc. under apaelal prevlalona of lav.
for farther detalla. tee Table 2.
Vor eiplanatlon aae tables vfaloh follov on the Social Seeurlty procraa.
Tor forthar details, eee Table 3>
Tor forthar details. a«* Cable 4.
Tor forthar detalla, tee Table 9. Also oa* footnotes 3 *Bd U.
Total ezpanditoret lett net reoalpte.
Represents expenditures for public debt retlrs—ate irtiich are chars*
able to the slnkliif fund. etc. oad«r qp*elal proTlaloas of lav.
lacludas r*coT*riaa of U. 8. inTeotaant* ta oapltal foid*. Soob r*-
U/
PulJllc
debt
ratlpamanta
1/
57U
76
1.820
6O8
225
187
232
331
301)
7l)0
7.5'n
6,718
1)00
7,138
7. 518
7.726
37
1).823
5
7
5.359
1.952
7.3I6
7.879
7.567
1)0
l).772
26
Mo
5,3'«
2,378
7.201
7.571
6,998
U51
57
6,21' 10/
5.981
3l)2
795
387
1,018
1)58
1)92
911
5D
-13610/
^h
556
u.sso
1)03
3. 11)9
l,38lt
3.5't2
lou
65
3,611
5.103
19,598
55.897
129
6U
58
95
3
1)9.595
5.7'<0
1.716
5.9't7
5,551
2,001)
7,U79
5l2
5/
6/
5.595
6,188
7,221
7,055
7,828
10/
Ket
bod^atary
deficit
900
929
1.029
1,206
1.657
6,301
26,011
72,109
87,039
6,1)37
5.861)
7.1)52
3.087
2.950
3D5
5,900
5.935
Tranaferi
trust
aoootutai
6.023
5.587
18
7,1)01
coT*rl*i total*d %^ Billion* In the fiscal /ear 19UO; $319 ailllons Id the flooal year I9UI; $18 ollllons In tl» fiscal 7*ar
\^\ and $10 allllons In the fiscal year V^l,
Becelpta froa reductions In Oflpltol stock and paid-in surplue
arallable to be reissued under existing lav are included as nagatlT* Itfltaa xinder ezpendlturet.
Such reductions totaled $l60 Billions for general ezpenditnres and $1^3 Billions for rerolTi&g
funds during the fiscal year 19^1.
Includes deposits resulting froa the renegotiation of var contracts.
Inforaatlon on the aaount of such deposits is not available on the basis of Sally Traasury Stateaenta. On the baels of
eorerlog warrants, such deposits wore as follovst fiscal year
19^3> $5^ alllloaa: f'.aoal year 19M(. $2,235 allliona, of which
^13 aillioaa rtpraaantad a volantary return of excess profits.
Table 2«- Analysis of Receipts from Internal Revenue-^
(In
aUliona of dollara)
Zacoai* and profits taxaa
Vlkhhald by
si^loyera (Cpjrraat
Tax Payaaat
Aot of I9U3)
2/
BqplOTnant taxes
Soolal aaeorlty taxaa
Othar
J/
3.27«
3.513
1.099
^'W
5.67I)
2.163
1.099
i.ie7
2.163
2.61)0
2,6)10
5.161
5.303
7.362
12.993
19't3.
22.
IW
2.189
2.125
3.H7O
7.960
l6,09U
2.189
2.125
19>«1.
19lt2.
191)1).
1)1.685
3'».«55
2.115
l.l)S9
5.W
5.0M0
2.188
1.727
1935.
1936.
1937.
193«.
1939.
191)0.
19l)U-Ja>niar7.
1.1)27
Tabnair.
2.1)61)
1.7'»7
Harob....
6.353
5.911
iprtl.
Mr...
2.935
3.02%
2.*P
2.167
5.2ia
Tadaral Insoranoa
Contributloaa lot
(Old-aga
laaoranoa)
253
7W
833
691
\Z
1.186
I6.09I)
1.1)98
8,395
26,262
1.739
1.010
713
l).327
292
5«
57D
1.137
T50
560
1.153
610
5.161
l.lOl)
1.915
1.063
D9
Mlacallanaona
Internal
lAiaraaoa)
5«
90
101
108
98
120
158
ISO
150
109
IZl
137
1.657
2.010
2,181
2,279
2,232
2.3^5
2.967
no
3.81)7
267
•.553
5.291
11)
31)1)
39
35
309
5
1)21
52
681
5.73't
7U6
U.l)95
71
Jnlj
1.985
2.702
1.21)7
591)
65I)
1.552
1)87
Saptaabar.
5.71)9
5.17")
1.065
7D1
1),1)32
56
319
61
Ootobar..
BoTaabar.
1.880
2.300
1,21)0
SI
60
293
Dally 'IraatlU7 Statenenti.
Laaa than $500,000.
Tor fxirthar datallt. aea cbaptar on Intaroal Bavanua Statlatloi,
Xxcludai receipt of rletory taxei vlthliald porauant to the BaTaoua
Snch racalpta bare baan claaalflad ae "Other" Income
Act of 191)2.
and profit! taxaa.
521
77
1)12
U7
I)
337
ierlonltnral
adjuataent
taxaa
363
3«6
J*
252
tva*..
1.501
1.130
1.292
(TAkaoBplaTaant
Oarriara* Taxing
lot at 1937
(B&llroaA
ratlraaant)
'J?
An^st ....
609
1.035
19I)
,
la&aral Iteai^ejrmant lax AH
375
^'?
51I)
U
lU
580
507
Znclndes mijuat anrlcfaaent tax.
Tor the period prior to Septasber 1939. the data In the colmins
entitled Federal Inauranca Contributions ict and Federal UneoploTnent Tax Act repreeents collectlone under Titles 7III and IX,
reepectlrely, of the Social Secnrlty Act.
..
.
•,
,
Tredsury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 3.- Analysis of General Expenditures
(In mllllone of dollars)
Direct an* work relief
Veterans'
AdmiolBtratlon
y
2/
Aid to
Public
Works agricultox
2/
1/
2/
U/
Social
Security
progran
2/
5/
Vork Projects
Administration
and National Youth
Administration
6/
5,900
5.935
6.U37
5.86U
7.221
1935
193S
1337
1338
1933
131(0
7.055
19U1
19U2
6.a5
5.986
5.595
S,188
19't3
19W
557
578
581
582
679
685
803
670
557
900
557
553
555
629
s%
715
669
1.5Ue
1.006 10/
1.091
1.052
950
1,896
1.U72
2.2to
335
3W
1.572
U57
515
5lU
529
public
debt
Other
depart-
Other
general
expenditures
1/
l.26it
866
1.237
:ntereBt
on the
Federal Bnergency Belief
Administration
and Civil Works
Administration
1.37't
970
299
17
1.831
U95
i;36
U86
386
326
290
283
257
163
283
258
223
925
9I1I
l.OUl
1,111
1,260
1,808
2,609
227
2l5
220
197
328
'7
19113- Ho TBml)er.,
1*97
December.
19Wt-Jan>lary
February.
.
.
March
U79
387
1,018
April
May
June
100
102
59
July
Au^st
.
.
September
October.
November
ce:
•
1/
2/
3/
kl
5/
Dally Treasury Statements.
Less than $500,000.
Includes public works undertaken by the Veterans' Administration.
Does not include e]?iendltur«s for (1) rOTOlving funds or (2) transThese are shovn in Table 5.
fers to trust accounts, etc.
Includes public buildings, public highways (including forest roads
and trails), river and harbor work and flood control, Tennessee Valley Authority, Federal Public Housing Authority (formerly V. 3..
Bousing Authority), reclamation projects and the Public Works AdminExcludes certain expenditures for public works in conistration.
nection with war activities by the Federal Works Agency, beginning
July 191*1.
Consists of Farm Crsdlt Administration. Federal Fain Mortgage Corporation. Federal land banks. Rural Jlectrif icatlon Administration,
War !bod Administration, and Department of Agriculture departmental
(War Food Administration comprises Agricultural Adexpenditures.
justment Agency, Farm Security Administration, Office of Distribution, Soil Conservation and Irtenslon Service, and Other).
Includes railroad retirement and railroad unet^lojmant activities
and excludes expenditures made by Office for Bmergoncy Management,
War Manpower Commission (U. S. Inployment Service) under authority
For further details, see tables which folof Social Secia'ity Act.
6/
2/
8/
2/
10/
low on the Social Security program.
Work Projects Administration was formerly Works Progress AdministraBeginning with July 191*2, expenditures for the National Touth
tion.
Administration are classified as "war activities e:^enditures''.
Includes expenditures of the Reconstruction Finance Corporation for
relief through loans and grants to States, municipalities, etc.
Excludes expenditures for the U. S. Maritime Commission, departmental
e^enditures under the Social Security program and the Department of
Agriculture departmental expenditures.
Office of Iducatlcn, and
Includes expenditures for the following:
Public Health Service of the Federel Security Agency; refunds of
taxes and duties by the Treasury' Department; Post Office Department
postal deficiencies; Federal Housing Administration; Treasury Department investments in Federal savings and locn associations; certain expenditures of the Panama Canal; end croital stock of the Federal Deposit lns\irance Corporation. Home Owners' Loar Corporation,
Federal home loan banks, and Disaster Loan Corporation.
Gross e:9enditures have been reduced $l6o millions representing the
repayment of capital funds by certain United States Covemment agencies.
For further details see "Treasury Bulletin" for June 19l*3.
page 9, footnote 12.
1^5
January
Budgetary Receipts and Expenditures
(Continued)
-
Table 4.- Analysis of Expenditures for War Activities
(In nllllons of dollara)
var actlvltle
War
Navy
Dep art- Department
19351936.
1937.
1938.
1939.
689
900
929
1.029
1.2C6
273
383
378
i9to.
19U1.
1.657
6,301
26.011
72.109
S7,039
667
3.678
1U,070
191*2.
U90
''.173
2.131*
1.235
.2.050
827
2,082
2.757
2.281
886
969
983
2.262
2.536
2.636
921*
221*
1.010
825
205
219
130
118
188
2,591
2,502
2.295
682
982
798
56
12l»
2,61*8
71*0
2,577
81*5
6.718
3.8UI
7.138
7. 518
7.726
I*.
170
3.792
U,l*6l
April.
May...
June..
7.3''6
U.160
7.879
7.567
U.106
July
Au^uet ....
Saptambar.
7.201
7.571
6,998
October.
HoTenber.
7. '•79
.
7.U01
*.33'*
3.928
11.087
3.905
U.091
3.978
pin*
•loa
Othar war
actlTltlea
axpendlIturea
2/
99
2U
51
519
1.201
1.U32
929
2,776
3. 812
132
1.105
%
111
l|02
a6
356
16U
lltO
125
127
97
308
153
182
165
696
2.011
2,ll*3
181*
188
•
Lobe thas $500,000.
1/
2/
Includes war put)llc houelng functions.
Similar Itans for periods prior to fiscal year 191*1 are classified
under Other departmental and Othar general a:^endlturee In Table 3-
Analysis of Expenditures for
Revolving Funds and
(1)
'..922
"J
386
IU9
%l
191
201
51
191*
152
102
130
372
335
110
118
326
298
IU5
152
131*
102
Includes war expenditures of CoBoeree, Juatlea, laterler. X«bor. and
State Departmenta; Clrll Serrlee Commission; Xxaeutlwe Office of tha
Fresldent (Inelsdine Office for hergancy Kasa«emant); FaBam* Canal;
Inoludes D»and capital stock of Soaller War Plants Corporation.
fanae Aid Special Fund through the fiscal year 191*3! thereafter aucb
expendlturea are reflected within the respeotlTe dapartnaBta.
SoTirce!
Dally Treaaury Statementa.
Back Tlgurae; MontUy f l«urea for the period July I9I1O through April I9U3
appeared In the "Treasury Bulletin" for May 191*3. pa«« 7.
Table 5.
United
Satlona
Bellaf aii(
Rehabilitation
Var
Ship-
1
1*9,21*2
1*2,265
December.
Statea
1*1*
3.362
8.955
11.259
19Ul4-JanvjjU7..
Onltai
MftTltlse
-21
-12
-6
892
2.313
8,580
20.888
26,538
7.5W
March
|
Hatlonal Scl«ctiv«
Treaiury
Poualivs SerTlce
Depart(adalnlsAeency
aent
Acency
tratlve)
U36
529
557
596
673
I132
19l*3-So»enil>«r.
rabruary.
Agriculfederal
ture
Security
Dep artAgency
(2)
Transfers to Trust Accounts, Etc.
(In mllllone of dollars)
Transfers to trust nccouitts. etc.
RoTolTlnfi funds (net) 1/
2/
i/
3I15
1935
1936
1937
Veterans
Administration
Public
works
Aid to
agriculture
1.820
13U
191*0
5i
-136
191*1
191*2
-6
-159
7
prograa 5/
it/
76
1938
1939
OoTemoent
Social
Securl ty
6O8
225
187
ea^lo/ees'
retirement
funds
(U. 5. share)
Aid to
agriculture
6/
federal
contribution to
District of
Columbia
(U.
S.
share)
50
1.773
557
lli6
107
232
V
331
381
1^2
IU5
91
126
191*3
1*35
71
191*1*
556
-3
19l*3-lIoTember.
Decsaber.
191*1*- January...
February..
March
April
May
June
July
August ....
1*51
205
57
9
Sept saber.
October.
BoTember.
.
Source!
•
1/
2/
V
5/
-3
-3
18
Daily Treaauxy Statements.
Lees than $500,000.
Additional transactions on Aid to agriculture and Public werka are
shown in Table 3*
Farm Credit Adminiatration.
Public Works Administration.
Comprises Adjusted Serrlee Certificate Pond and the national Seriloe
Life Insurance Pond, administered by the Veterans' Administration.
Includes railroad retirement and railroad uaa^loyment actiTitlaa.
for further explanations see tables which follow on Social Security
program.
Office of Distribution (formerly Agricultural Marketing Adnlnlstration) - surplus commodity staope.
Oross expenditures have been reduced 1155 millions representing the
repeyment of capital funds by certain United States Ooremment
agenciea.
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 6.- Totals by Months, Beginning with 1935
(In Blllloai it dollara)
Calaadar
yur
Set ^d^etary rseelpta l/
1935.
1936.
1937.
1938.
1939.
IjUO.
19>»1.
19'»?.
19m.
203
January
^
1945
BUDGETARY RECEIPTS AND EXPENDITURES
1939
1940
1941
1942
1943
1944
DOLLAR:
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
Treasury Bulletin
Trust Accounts, Etc. Receipts and Expenditures
Table 1.- Trust Funds
January
1^5
Means of Financing Cash Requirements
(In nllllonB of dollars)
Amount required to be flDsnced
Total
amount
required
budgetary
deficit
U
igUo
19U1
2.61*6
1.^8
U.16U
3.51*2
lt.i6U
7U0
3.275
312
37U
306
890
3,611
3,611
2.528
136
5.991*
23.1*61
5.991*
23.I161
6U.27I*
6U.307
1*9.595
71*2
3.506
1.861
It, 051
358
6.515
10,662
5.7W
H,S37
W8
U.IST
61t.27lt
61*.
307
2.383
l*.837
1*,781
173
.205
12,1*Sb
12,1*1*8
U,157
1,608
613
111.637
't.823
5.359
1.952
6.916
July
August
Septenbar.
7.703
5.551
5.91*7
5.551
7.703
5.551
2.21*8
2,001*
2.21*8
October.
November.
6,023
5.557
6,023
5.587
6,023
5,587
June
.
Source:
1/
307
667
i*.772
Stay
61*.
5.71*0
2.383
12,
It
U,772
5.3U2
14.637
April
truat
counte
1.6U8
5.078
19W4
.
celpte
3.l't9
3.611
5.103
19.598
55.897
ig^P^ January.
February.
March
Fund
balance
3.209
5.390
6lt,27U
.
decrease
In General
3,11*9
1.381*
It,
19''3
Becembar
Fund
balance
3.209
550
igite
19lt3-SoTember.
sxpendlture
In truBt
accounts.
Id General
3.1'*9
1.381*
3.209
5.390
1935
1936
1937
1938
1939
MeanG of fin
I*.
772
5.3U2
5.3'»2
2.378
Dally Treasury Statements.
Excludes amounts for public debt retirement which are chargeable to the slnldng fund, etc., under epeclal prorlelona of
law.
1.756
2/
252
1.399
637
1*.327
3.757
193
185
11*.
7.570
1,229
-307
1*.252
2.555
71*8
l*,76l
639
Comprises trust accounts, checking accounts of Government
agencies, etc., Increment oc gold, seigniorage on silver, and
miscellaneous funds and accounts. Increment on gold excludes
expenditures for national bank note retirements.
U
...
.
..
.
U
U
T
J
Treasury Bulletin
Social Security Program
Section I.- Budgetary Receipts and Expenditures
Table 1.- Social Security Act
(In slUlonl of dallarg)
v
Social Security toxaa
Federal Insurance
Contrlbutlona Act
(Old-e^e Influrtince)
Tederal UnfttapluTraent
Tax Act
(UnemploTiaent loaurunce)
252.2
60U.U
631.2
712.2
788.2
1,015.6
1.288.9
i.UTa.o
19110
ig"*!
i9ie
19''3
ism
1/
if
1/
1936
1937
1938
1939
ees aaounts credited to
federal Old-A^e and
Survlnr* Ineurance
Trust Pund
179.9
265.0
387.0
503.0
537.7
661.3
368.9
1.103-0
1.259-5
57.8
90.1
100.9
107.5
97-7
119.9
51lt.Ii
530.U
60U.7
690.6
395.6
1.130.5
1,292.1
158.lt
128-2
17U,5
126.9
11(6.7
185-9
212.5
273.6
3.7
10.5
1.1
271.0
1.1
13.1
3.S
Ug.l
3S8.7
8.0
33.3
252.2
lU.2
116.5
3.6
31.8
290.2
16.2
3«.U
323.6
6.2
35-1
309.U
31.7
306.0
Juaa
5.1
1-7
6.7
17.7
U.5
JUI7
5U.7
51.8
293-3
3.8
'9.3
290.8
llt.2
Saptaa^ar.
Octobar. ..
SoTambar.
55.U
267.3
28U.1
19U3-HoTrat>ar.
Daoeabar.
lt.8
ISUk-lutaarj...
7a)>ruar7.
March
^rtl
Hajr
U.U
Au^at
58.6
278-5
2.9
11.
.7
l.!|
3-1
53.6
5.0
1?-°
Grants to States
Public
Eoaltb
Serrlce
Social Saeurltj Board
Adnlntetratlve
expense!
Old-a^e Aid to
aitlit- dependent
ance
children
it/
28.
1936
1937
193s
1939
182-7
332.5
l9ito
19itl
19112
;oit.U
191*3
527.2
52U.2
11V,
27-8
166-S
271.5
320.3
356-5
1115.2
U69.6
U9I.I
1*88-0
Source:
•
1/
2/
^
.i(
39.8
10.8
U.U
10.7
10.9
28. U
195.5
l.ii
3.0
u
U.0
3.8
3.8
Ul.O 6/
1.5
1.5
2.6
i:i
1.6
i.u
3.5
U5.1
215.1
209,7
322.5
357.8
3>*1.3
?ll.7
U2.6
-85.2
29.8
.3
50.7
lW.2
29.0
35-6
5-3
5.5
2.7
5-S
2.2
.!»
25.1
U£.9
25.9
27.3
50.3
33.8
28.3
30.6
31.8
22.9
5.6
5.0
3.5
9.6
U7.S
-1-8
6.1
2-8
2-8
U6-9
36.3
32.3
50
9.1*
3-1
3.8
7-7
1.6
Majr
October.SoTeober.
8.5
10.
8.S
8-C
9.7
ipril
3i'-9
Serrice)
h.l
3.0
32.3
53.1
37.6
67.3
57.0
5/
Steployment
6.2
30.
JMI7
Au^flt. ..
Saptambar-
fl
Ui
58-9
58.3
63.0
70.3
55.1
36-3
expenditure!
5-2
2.1
Februaz7-
.
25.5
voric
Kanaffetaent
War
Hanpower
Child
Cosmlielon
welfare
{U. S
eerrloat
Maternal
and child
health
aerrlcei
35.2
2U-2
26.U
56.1
58.3
March
June
l''.3
182.2
208-8
227.6
260.1
299.1
316.9
360-6
Public
health
2.U
7.8
19.7
i2it.e
2.2
1943-SoTaBbar.
Daoamber.
19Ult-Januazy..-
.6
15.8
20.0
21.3
25.3
31-5
31.;
33.3
32.1
Hnenployment cornpen eatlon
adolnlat rat Ion
Office for
anergeDoy
Bspaxtnent of Labor
2.1t
31.
23.»*
31.8
.7
Dally Treasury Statenenti.
Less than $^,000.
Joraerly Title VIII of the Social Security Act.
Includes anounts equal
roroerly Title IX of the Social Security Act.
to appropriations to Hallroad Unemployment Insurance Adninlstratlon
Fond equivalent to eaounts of taxes collected with respect to the
period from January 193^ '<* June 1939. IncluslTs, from employers subject to the Bailroad Unei^loyment Insurance Act (See Table 3 of Section I).
Prior to January 1, 19^. fig^rea represent amounts transferred to
the Old-Ace ReserTc Account.
Trom January 1 to July 1, 19UO "transfers" were made to the federal Old-Age and SorrlTors Insurance Trust
Pond.
Subsequently receipts have been deposited in the Oeneral Pund
of the Treasury and "appropriated" directly to the Federal Old-JLge
and Survivors Insurance Trust Fund. Amounts shown as transfers reflect deductions made for relnbursement to the Oeneral fund account
to cover adnlnistrmtive expenses, ^leh are shown as eipenditures in
-3
U5.U
26.8
Section 11. Table 1.
Includes only esqpendltures from appropriations isade specifically for
administrative ejqjenses relating to the Social Security Act; naaely.
Social Security Board. Department of Commerce, and Department of
l4ibor: and adairiletrative expenses reimbursed to the Oeneral Pund of
the Treasury under Section 201 (f) of the Social Security Act. as
amended. Beginning July 1. 19UO. incliidss also administrative expenses under the Vagner-Peyser Act. £xol\ides administrative expenses payable from other appropriations, principally for the following sgencles: Bureau of Internal Revenue of the Treasury Department, end Public Health Service and Office of Xducatlon of the Federal Security Agency.
Covered by appropriations by Congress.
Second Deficiency j^>proprlatlon Act, fiscal year 193^* cq>proprlated
$Ul millions for refunding to certain States portions of TederaT employers' tax for 1936 collected under the Social Security Act.
January
1^5
13
Social Security Program
(Continued)
-
Section I.- Budgetary Receipts and Expenditures
'
-
(Continued)
Table 2.- Railroad Retirement Act
(In JDlllloni of doUare)
jDinlttratlTe
C&rrteri' Taxing
Act at 1937
expeaeei
1/
Transfers to
Ballroad Betlrement Accoiint
(trust account)
ei^endlt
2/
-3
1936
1937
193«
1939
19MO
19U1
igua
191*3
19'w
19U3-HoTemlior.
December.
•3
1-5
150.1
109-3
121.0
136-9
170.0
1I49.0
SOS.
267.1
110.0
123-3
128.2
IU8.5
220.2
265-3
8.3
.2
lUfi.U
107-1
120-7
12U.U
ito.g
21U.8
262.7
3.8
7.6
5-"t
2-5
-8.0
-52-5
3U.0
3U.I
iglA-January..
-21.6
ll.U
32.9
-3.9
Feljruary.
March.
.
-58. U
58.6
.
3U.5
3it.7
.!
i^rll
3'».3
-11.2
-6S.7
Hay
6U!9
June
l.U
July
August
September
.
20J.6
-lU.l
-56.7
l>t.2
.
56.9
October
HoTember.
311.2
.
Source:
•
1/
Dally Treafroi? Statements.
LesB than $50»000.
Includes only expenditures from appropriations made specifically for admlnlstratlTe expenses relatine to the Hallroad
Table 3.
2/
Batlrement .Act
Covered by appropriations from the General Fund of the Treasury.
Railroad Unemployment Insurance
Act^
(In millions of dollars)
Xspendlturee
Receipts
AdminlstratlTe expenses (Railroad
Unentployment Insurance Administration
Railroad unentployment invurance
contrlhutlons
2/
1936
1937
1938
1939
igte
Tund) i/
U.9
6.B
8.5
10.3
12.1
igiti
igits
i9'*3
19IA
Transfers to Railroad Unemployment
Inmiranee Account,
Uceoployment Trust
rund U/
Excess of
expenditures
5/
5.0
7.5
2.5
2.2
3.2
6.0
11.7
19U3-ll0Tember..
December
-2.5
.
19U't- January...
.3
February..
March
.'
April
Kay
June
July
Au£uet
September.
October.
Hovember.
.
Source:
•
1/
.2
Sally Treasury Statements.
Less than $50,000,
Operated as Railroad Ibesployment Inarorance Administration
and were dlstrlbated by calendar years, as followsi
Fund.
2/
Represents 10^ of contributions under the Railroad Ihisoploynent Insurance Act; the remalnliig 90?b is deposited in the
Railroad Unemploytoent Insurance Account, Unemployment Trust
Fund (See Section II, Table 3)> Sxcludas amounts appropriated
to Ballroad Unemployment Insurance Administration Fund equivalent to amounts of taxes collected for the period January 193^
throu^ June 1939 from employers subject to the Ra-^lroad Unemployment Insurance Act. These anounte aggregate $17.7 millions
1936» $2.7
mllUons: 1937. $5.3 milllonB; 1938, $6.8 mllUone; and for the
lJ
4/
5/
first six months of the calendar year 1939. $2.9 millions.
These
amounts are included in Table 1 under Federal Unemployment Tax Act
(unemployment insurance).
Includes only expenditures from appropriations made specifically
for administrative expenses relating to the Railroad Unemploynsnt
Insurance Act.
Represents excess funds of the Railroad UnemploTment Insurance
Aclffllnlstration Fund (under Act of Oct. 10, I9I40;.
Covered by appropriations by Congress.
U
8
Treasury Bulletin
Ik-
Social Security Program
-
(Continued)
Section II.- Statements of Trust Accounts
>urvl«lr8 Insurance
Insurance Trust Fundi/
Table 1.- Federal Old-Age and Survljrt'rs
(Cumulative
froii
organizatla
!ha of flecel
year or month
Total
receipti
1936
1937
1938
1939
19M0
19>tl
IjUe
IS^}
19l»
11.720.7
i».Ul9.3
5.711.1*
6.U68.6
6.52U.0
BoTemliei
6,791.'*
•
Congress
265.0
765.0
1.155-0
I.705.C
2.393.1
3.288.8
igUit-Septembi
October.
1/
tlone by
267.3
782.7
1.199.6
1.792.1
2.536.2
3.502.8
6.116.0
Source:
^proprla-
6.060.2
6,115.6
6.3S3.O
,
A^ millions
of dollars)
Expenditures
Secclpts
Interest
Invost-
2-3
17.7
ltlt.6
87.1
lUj.l
21U.1
301.5
U0U.7
l408.lt
1(08.
ItOS.U
Dally Treasury Statenents.
lees than $50,000.
Includes transactions effected under the predecsss
Total
e]cpendl-
Unexpended balance
RelmbursenieDt
Old-age
benefit
In disbureine
payTDente
adfflinistratlTe
officer's
account
expenses 2/
19.3
35.1
99.5
209.8
359.1
12-3
39.1
65.9
1.71*1*. 7
2.397-6
3.2S7-2
267.1
662.3
1.177.2
1,738.1
2,380.6
3,201.6
93.I1
l*,26s.3
I*,
669.6
5it3.7
126.0
5, 1*1*6.1*
5.1*08.9
730.1
751-2
772.0
596.8
616.0
635.0
133-3
135-2
137.0
5.738.5
5.772.8
6.019.3
5,676.8
5.676.8
5,676.8
5.f
19.3
1*7.1*
138.6
275-6
1(52.
l|
267-2
777-2
1,180-3
5-"*
2/
End of fiscal
year or month
t^m
6.1
20.1*
2U.5
236.
21.1*
3U.8
69.3
313.8
26.9
26.7
28.7
Reserve Account.
Under Section 201 (f) of the Social Security Act anendinents
of 1939.
Table 2.- Railroad Retirement Act
(Cumulstlve
1.9
3.0
10.8
orgaslzetion - In oillicne of dollars)
January
1^5
15
Appropriations and Net Contract Authorizations for the War Activities Progranil/
As of November 30, 1944
Tltl* of
ut
77th Con^eSB.
?«1).
Approprlatlaa*
Pint SaBtlon
Bt
eoatraet
Bthorluttou
2/
Treasury Bulletin
16
Appropriations and Net Contract Authorizations for the War Activities Program-l^
As of November 30, 1944 - (Continued)
Date
appro Ted
7Sth Congress
re*. lU, 13Ui»
i*r.
1. 19"*
U, 19liU
;^r.
Ma; 13. I9UU
June
June
June
June
June
June
June
June
June
June
June
June
22,
26,
27.
28,
28.
28,
28,
28,
28,
28.
30,
I9UU
igWt
igUU
I9UU
19UU
I9UU
19U4
191*
I9UU
I9UU
19U)t
30, 19IA
Net contract
luthorliatlon 2/
Iltle of lot
229
279
288
303
3'»7
352
358
365
3fl
369
372
37lt
375
382
382
June 30, 19W(
,
Second Seeeion
Joint Eeeolutlon (farm labor and migration of vorkers)
Mret Deficiency ipproprlatlon Act I9IA
Public Lav (Federal tforlcs igency - public roade)
Joint Resolution (Labor Department - maternity and Infant care)
Haval ^proprlstlon Act 19U;
War Department CItU i^proprlat Ion Act I9I45
Independent Offlcee ^proprlatlon Act, 19^5
Departments of State, Justice and Commerce J^proprlatlon Act* 19^5 >
Department of Agriculture Appropriation Act, I9U5
Interior Department J^roprlatlon Act 19U3
National Var Agency Appropriation Act 19^5
Labor - Tederal Security Appropriation Act, 19U$
Military Appropriation Aot 19U5
Second Deficiency Appropriation Act, 19'<'>
Defense Aid Appropriation Act 19U3
United Nations Belief and Rehabilitation Administration Participatio
Appropriation Act, I9U5
Foreign Beonomlc Administration Appropriation Act, 19^5
2,500.000
218,611,829
15,U3U,SlU,795
186,266,52U 10/
,855,000,000 5/
3,1450,570,000
,
U50,000,000
19,750,000
total, 78th Congross, Second Session
$ 55,502.888,951*11/
Total, 76th Congress, Third Session 12/.
$
$ 8,210, 599. 97U
8,99U,015,828
'»9.396,U37.U50
t
678,1*00,000
Total, 77th Congress, Second Session
139.736.203.988
2,356,000,000
Total, 78th Congrsss, First Session
105,916,1*92.321
U, 620, 581*, 1(02
55,502,888,951*
8,210,599.97'*
231,778,1*25
$359,777,816,966
191(0
and prior contract authorisations.
Total fl^prored appropriations and net contract authorisations 1/.
Consists of appropriations and net contract author! cations available
(1) authorisations of the Heon and after July 1, 191(0. Sxoludee:
construction Finance Corporation and its affiliates for var purposes,
and (2) unejqpended balances of epproprlatlons on June 30, 191(0 (sxyear 19'*1 qrpropriaimmadiately
aTailable
funds
from
fiscal
cept
tlons) aTailable for expenditure in the fiscal year 191*1.
Contract authorisations haTe been reduced by later appropriations
vhlch vere earmarked in authorising acts for this purpose.
Bapresents the net aJLOunt of contractual authority that the President may authorise the head of any department or agency of the Qotemment to enter into for the procurement of defense articles, information, or serrlees for the goTsmment of any country vhose defense the President desas Tltal to the defense of the United States.
Includes $9,693,525,500 appropriated for the fiscal year 191*2.
Un^propriatad contract authorisations for the naTal expanelon program are as follovs:
Date approTed
1.030,937,2l»2
,
,
Liquidations of
kj
,208,168, 57U
57,585,000
30.700,000
18, lilt, 200
,
Total approTSd
^
1,1*51,8110
6,836.008,9113
•
Permanent appropriations and net transfers from other than var aetlTities
appropriations 1^
^
30,000,000
,.07U, 931. 1(00
27.569.798,301 2/
,
Total, 78th Congress, Second Session....
2/
1)0,000,000
6,700,000-
.
Total, 77th Congress, First Session
1/
31,359.200
170.221,080
,
6/
-1*67, 872,
$l5,865,58l*,376
8U6
$359. 309.9'*'*. 120
$15.865.58U.376
January
1^5
17
Cash Income and Outgo of the Treasury, by Major Classifications^
(In mlllloni of
dollui)
18
GENERAL
FUND
OF
Treasury Bulletin
THE
TREASURY
January
1^5
19
Assets of the General Fund of the Treasury
Bullion, coin,
and currency
Special dopoBlte
account of sales
Depoelta In
Federal
Reaerve Baske
cf GovernineDt
securities
(War Loan accounts)
1535
1936
1937
1938
1939
19U0
19U1
19U2
2, 016
l,0l<l4
2.936
2.709
2,1*19
865
1,863
827
3.067
1.19''
2,038'
2.812
g7U
98U
lO.lUg
20.775
19'*3
19UU
19lt3-!l0TeBljer..
Docem^or.
15. '92
12,878
6149
55
58
55
611
52
799
1,150
776
95
25U
i.ozu
603
1,038
1.UU2
805
661
1.67s
7,667
IB. 007
105
1U3
265
533
507
1.2U5
i.tos
12,770
9.9U2
12,873
19.726
17.270
1.09s
1,172
lO.J.ll*
523
91*6
933
1.5W
17.095
iU,306
U91
12,896
9,1"*
20.775
890
912
820
95U
10,51*6
Septemlier.
22.513
18.277
15.753
807
877
838
1,269
1.215
1,31H
19.850
15.693
13,013
October...
Bovem^er
10,609
10,223
835
785
99«
1,122
i,Zk2
8,002
19UU- January.
.
Feljniary.
March
tprll
May
June
July
August
.
.
Source:
6.766
18,007
Dally Treaaury Stattaents
Balance In the General Fund of the Treasury
506
;2U
507
U32
533
315
B
. .
.
Treasury Bulletin
20
Analysis of Change in Balance of General Fund of the Treasury
[In
Chaoee during fitc&l
year or ownth
Total
ehanee In
&«B«ral
Fund
balance
-7Ul
suo
1935
I93fi
1537
1938
1939
-9U7
19>I0
of dollarB - Het Inoreaee
Total
worklnc
balane*
-7696/
1 .067 6/
-3.1't9
-997
-2.66U
-U,338
-2.66U
-5.7'«
-1,716
-2.5U9
-2.5'*9
-5.359
-1.952
-''.327
-'«.772
252
-5.3U2
-2.378
l't.637
-l»,823
6.-9?!
reliruary.
Asrtl
May
lliSW
...
Septeaber.
October.
EoTember
-1.38U
-3.5'«
5.99't
25. "^1
U.781
Ux
I.6O8
1.J99
1.756
-U.252
-2.555
1.756
-U,252
-2.555
-5.9U7
-5.551
-2.00b
7.570
1,229
-307
-ise
-188
-6.023
-5.5«7
7U8
U.76I
.
2^?
205
6ii.?7U
6li.307
12,
Checklne
accountB of
50
150
-201
120
282
-355
112
257
sola
GovemmeDt
637
108
3IU
20U
768
1.739 1/
5. "75 1/
2.7'46 2/
792 1/
3.280 1/
6.515
10.662
19UU-Jejiuary..,
July
Atl^Bt
-3.209
-S.55O
6.515
10,662
igUS-BoTBiiibep.
March
account
-70
-377
537
722
December..
Hlf ellaneoue
funds and
account
General
and special
-3.611
-5.103
-19.598
-55.897
-S9.595
19U1
I9't2
19't3
19itU
(-3
5/
-in
176
l40
6/
-U03 1/
-99
-51
-5
January
1^5
PUBLIC
OF
21
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
U
....
Treasury Bulletin
Analysis of Issuance and Retirement of Public Debt
(In alllioni of dollare)
Public debt receipte
(Issuance of public debt)
Net char.ee
Puillc
debt out- In public
debt
standing
during
end of
flBCal
fiscal
Cash
1/
Certlflcatee
Adjusted
of indebtedservice
nfise, special
bonds
series 2/
1935
I93S
1937
1932
1939
28,701
33.779
i.eitg
13.126
5.078
llt,121
36.1*25
2,6li6
'7.165
71IO
9.589
9.621
5.716
8,958
6.199
U,776
1.669
lUl
13
I|0,¥«)
3.275
13,081*
7.1*75
7
19UO
U2,«6S
2,528
igltl
ljS,96l
5.9?it
igte
iguj
72. '122
23,1161
6U,27lt
136,69s
201,003
isuu
December.
.
^ebriary.
March
April
May
June
.
.
5.228
y
6.96U
2.978
1.751
2.159
2.567
3.151
3.11*2
it.sUi
596
18.790
5.S76
8.3I8
lO.Ull
10,638
11,853
13.703
58.358
89,U7g
1.W2
131*
1*91
11,1*78
9,01*3
6,9113
516
2.812
3.035
303
17.911
UI16
1.1*99
8,881
9,809
2.671*
§25
5,ie6
5.301
It,
2,67'*
3.035
2,812
5,316
8,693
2,896
596
1*,111
33.67I*
1,1*1*2
5.332
63,202
1*91
18.790
6,991*
't.525
3"*
7.105
3,5l»U
2.127
1.9K6
I407
U,663
6,778
350
8,71*6
U,5Uo
6,789
10.070
6,301
13.199
5.155
U,672
6,971
'*.570
6,1(00
209
9,239
16,691
8.019
18lt,967
252
1.399
lU,637
10,322
7,700
27,837
5.192
5.613
203
U36
21,ll06
6,39't
7.570
1.229
-307
12,162
10.151
10,991
11,1*22
'*.592
7.01*1*
209,1*96
8,922
11.298
210, 2lA
71*8
215,005
'*,76l
9.822
11.5S7
6.092
10,928
5.920
3.1*92
205
170
1*28
9.073
6,836
2,lli6
3.11*2
>*37
9,1*1*9
209
523
567
l,OUl
1.^73
303
17.911
1*21
19,226
16.355
2/
6,q6U
2,978
1,751
'*.305
5,Rli2
31*
U.7gi
Daily Treasury Statements.
Less than $500,000.
Excludes certlflcatee of Indabtednes
Certificates
of Indebtedness, special
series 3/
3.5'*'*
12. 1*1*8
209,802
.
September.
5.682
10,378
Cash
i70.6';q
20?,57l(
July
7.191*
13,166
17.8^7 10.1*62
37.16U 30,388
122,632 91*, 961
153.785 123.958
Public lemies
Excess
profits
tax refund
bonds
183.167
18U,715
186,366
201,003
Au^st
307
166.153
165,877
19l*3-iIoveiTiber.
19l*U- January.
61t,
Public debt expenditures
(Retirement of public debt)
Public Issues
1*,628
2.127
uo
112
1,91*6
It, 903
1,618
6,805
5.571
6,651
3.
'92
170
Cbnslsts of special series of certificates of indebtednes
directly and solely to Federal Reserve Banks,
Composition of the Interest-Bearing Public Debt
Interest-bearing public debt outstanding
(In millions of dollars)
Percent of interest-bearing public debt
Public issues
Nonmarketable
Monnerketable
1935
1936
1937
1938
1939
27,6U5
32.989
35,800
36.576
39,886
ll*,87lt
191*0
1*2,376
1*8,337
191*1
191*2
19U3
;
191*11
2.053
25,1*11*
26,751
30,uii
38.281
57.716
3.166
71,968
135.380
'».555
10,1*95
21,701*
6,333
5.698
6.689
9.l6«
199.51*3
79.1*1*0
35.298
17.''05
17.368
20,131*
22.0i*3
16U.78I
l6U,508
68,136
167,01*3
68,ll|0
181,709
71*,
.
April
May
June
183,31*8
183,1*11
68,ll|0
078
73.009
18l*,87'*
72,722
72.733
199. 5U3
79,1*1(0
July
August
September
207,117
208,239
207.850
81,1*31
October.
November.
208,608
81,1*66
210,771*
81,298
.
Source
.
able
10,023
igltU-January..
Pebniary.
.
Honfflarket-
62
1,261
1,188
1.556
2,151
19l*3-H0Temler.
December.
March.
Public issues
81.293
81,U66
Dally Treasury Statements
626
11. 381
2.351*
10.617
2,303
1.'558
9,11*7
1,151*
2,676
3.770
7,21*3
27.316
27,988
11.59611.175
29,527
32.150
32,6U6
11.175
11,302
16.2UU
33.183
33.675
35.298
16.263
16,265
37.237
37.58U
38.028
3.015
7.1*95
9.557
3.096
16.561
28,822
1,302
1,603
2,503
11,861*
6,120
7.885
10.871
ll*,73i*
ll*,?87
23,101
13,071*
22,81*3
13.072
22,81*3
13,101
13,112
9.381*
10,220
9,H6
25,680
25,680
9,092
9.050
9.557
25,306
25,266
28,822
13,150
13.766
I8.067
18. 067
17.936
10,000
10,030
9.121*
30,035
30,001
29.573
15,521*
17.936
17.936
9.075
9,990
29.51*6
29.51*5
17.1(05
l*.775
13.11*7
53.8
52.6
56.2
60.3
63.7
100.0
100.0
100.0
100.0
100.0
63.1
62.8
53-2
U2.6
39.8
Ul.l*
12,278
12,703
Ul.U
12,873
13,l6g
13.507
100.0
100.0
100.0
1*0.8
13.697
100.0
100.0
100.0
39.6
39.3
100.0
100.0
100.0
ll*,122
II*, 731*
15,715
ll*.96l
15,1*61
15.71*7
15.976
16,060
16,170
16.533
16,1*05
100.0
100.0
100.0
100.0
100.0
1(0.8
39.8
36.3
3.8
3.3
i*.3
5.ii
7.5
9.1*
1U.6
16.0
17.7
16.6
17.0
17.7
17.7
17.3
2.3
1.9
311.5
i'.3
29.7
25.0
18.2
7.3
9.5
15.1
11.8
6.8
8.7
7.0
1*.2
lt-3
5.5
U.8
12.2
lU.U
11.3
12.6
11.0
8.0
7.2
5.6
5.2
lU.O
13.9
7.5
7.7
5.6
5.6
5.0
13.7
lU.l
lU.O
7.U
13.8
13-7
39. s
18.1
18.2
17.7
39.2
39.1
39.2
18.0
18.0
13.3
It. 5
Ih.k,
39.1
18.
38.6
13.5
ll*.U
1U.2
January
1^5
23
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government
PAHT A
-
riSCAL YEARfl, 1935-19114
(In Dllllcns of dollart)
2^^
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART A
-
FISCAL Y£ARfl, 1935-19lA-( Continued)
(IB Bllllona of dollArs)
Treasury Bulletin
January
1^5
25
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART B - MOHTHLY DATA-( Continued)
(In mlllioa* of dollars)
1
Treasury Bulletin
26
AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
INTEREST'- BEARING PUBLIC DEBT
DOLLARS
Billions
Public Debt and Guaranteed Obligations
Non-Marketable Public Debt
270
270
60
260
50
250
40
240
30 (-
230
20
220
10
Guaranteed obligations
Special issues
Non - marketable issues
Pud/ic debt
Marketable issues
aa WW
210
1935 '36
200
38
39
^O
40
41
i
^
42
44 Nov 30
43
1944
DOL
"~
DOLLARS
Billion.
190
37
Marketable Public Debt
190
^
Certificates of indebtedness
Notes
Bonds
1935
"Se
37
-38
End
'39
'40
of Fi«col
'41
Yeor
42
43
44
^
Nov.
30
1944
1935
'
'36
'37
38
End
39
'40
of Fiscal
41
Yeor
'42
43
44 Nov 30
'
1944
1^5
January
27
Guaranteed Obligations Held by the Treasury^
(Id nllllon* of dollar*)
bd
CoBwodlty
Cridlt
Corporation
of f l«eal
y«ar or aontb
federal
Public EoUllBC
Jadaral
Mortgac*
Corporation
ram
/kutbarlty
Bone Ovnera'
Loan
Corporation
Reconetmctloi
Finance
3.655
1935
1936
1937
1938
1939
3.655
030
3.605
S6U
fc,030
It.
3.630
igito
\<)M\
19lt?
iSUj
IPW*
273
10
lOU
30?
U.079
7.535
IC.T17
25
lUO
Moo
1.950
900
7.560
7.853
800
8,0>»5
Xaftyaotaintx
Qecembar
21*3
27U
283
398
263
366
551
2.53''
212
580
5.033
8.U16
6,1(11
K»
283
283
Mttrch
900
900
900
283
8.292
10.325
398
398
6,so6
6.937
7.697
April
Vat
JOJM
10.U03
10.626
10.717
900
900
900
398
39s
39s
607
580
8.294
8,Ui6
July
inmost
Sept eicber
10.993
11.312
ll.lUl
900
1.000
863
398
398
398
51*9
U93
8.730
8.99^
9,08U
1.035
1.099
398
398
i»39
19UU-Jasuar7
February
October
novenber
Source:
•
Tenneeeee
Valley
Authority
Corporation
6.713
7.7''?
U68
9,078
9.201
Iheee eecurltiee are not included In preceding statementa
gaaranteed obllgatlone oatstendlsg.
IVdly Treasury Statanente.
Leaa than $500,000.
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed Obligations
of the United States Goveminent
(Afflounte In
mllllona of dollars)
Public debt 1/
Pnblle dabt and goaraateed obllgatlone
End of flieal
year or month
Conputed
Interest
obarge
Coapuied
annual rate
of Interest
(Percent)
Ul,l»28
863
970
I.0U7
1.068
2.716
2 573
2.588
2.579
••5.336
1.1'»9
2. 53'*
27.6U5
32.989
35.800
36.576
39.886
87U
Coapntsd
Intereat-baarlng
debt outstanding
Interest-bearing
debt outstanding
interest
charge
19351936.
1937.
19381939-
31.768
37.707
19U0.
1*7.
19'tl.
5'».7>t7
'(2.376
1(8.387
76.517
139.572
301.099
1.203
1,335
1.729
2.759
3.869
2.5i'»
2.1(38
19'»2-
2.260
1.978
1.925
71.968
135.380
1.095
1,218
i.euu
2.679
199.5'(-3
3.81*9
168.935
168.732
3.28U
3.299
l.9ii'(
l6U,781
1-955
l61(,508
3.203
3.217
1.959
1.950
167,01*3
i.'M
183,31(8
I.9't3
1.91(1
\S}M}
1.925
1.922
1.923
1.933
1.933
1.928
Il0.lt65
19U3.
19'''t-
19l(3-lIoTenber.
Deoenber
I9'tl»-Jamaiy..
Itebmaijr.
March.
. .
171.312
185.936
185. 6o£
i^nrll.
Hagr...
185. 670
186,1(03
Jvn*..
201.059
Jul7
Angoai....
Saptaaber.
208,585
Source:
1/
3.626
3.601
3.607
3.6I8
3.869
a09.76l»
••.035
209.331
u.oue
210.088
U.061
Z12,2'(lt
'(.093
UA-lj Treasury Stateneats.
Treasury bills are Inolodad In Interest-baarlog dabt flgires
at face amount, bat for porpoaes of calculating the conpatad
aumal interest charge and the eonpated rate of Interest, the
discount Talua la uaed. Tor the purposes ot coi&putlng the
92l(
91(7
1.037
Quaranteed obligations 3/
Conputed
annual rate
of Interest
(Percent)
2.715
2.562
2.582
2.589
2.600
Computed
Interest-bearing
debt outstanding
1(,123
'(.718
l(.665
Computed
rate
of interest
(Percont)
nriTDml
interest
charge
112
125
123
2.720
2.650
2.633
2-U98
2.052
109
117
85
1.978
I*.
853
5.U50
2.583
2.518
2.235
1-979
1.929
5,U98
6.360
U,5U9
U.092
1.516
1.91*1*
'(.15'*
1.91*6
1.956
U.225
1.93"
3.27?
3.5IW
3.567
1.951
'(.269
1*,227
1.91*5
2,258
1.930
1.930
1.522
3.573
3.598
1.91(8
l.9i*6
3.81*9
1.929
2.258
1.529
1.516
1.1*99
I8>(,87t(
199. 5U3
207.117
208.289
207.850
3.990
1.927
1.928
1-937
1,1*68
l.lt75
1.326
1.333
1.339
208,608
'*,Ol(l
210,77l(
'(.073
1.937
1.932
1,1*80
1,1(70
181,709
"(.ois
l(.026
I.S3I*
l.s6l
1.325
1.335
1.U80
1.31(7
20
1.355
annual Interest charge and rate of Interest on United States savings
bonds. Series A-X are conaldared to yield 2.90y& per amnm and Series F
la considered to yield 2.53)f.
Guaranteed securities held I7 the Treasury, end securltleB guaranteed
as to Intereet only, are not included la this table.
i
Treasury Bulletin
2S
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States^
As of Novenber 30, 1044
(In mllllonB of doUara)
total aiumal atorlttea
DBterlptloii of
Tttar
uaorlt/ 2/
nzsd(Date of iflsoe la ahown In paroatheaea)
Bonth
Treaaury bllla
Ctf Of IndelPt.
I/Sf:
Treaaary tond
igW*.
natorlty
laaoea
Tarlooa)
(12/l/Uj)
(
- Iz/lM
- 12/15/1A-5U
.
l4Jt
Callable leeoea
olaaaifled Igr jear of
Uz/V/S'*)
Tlnal
matorltj
Tet.
Jei.
Mar.
Mar.
Mar.
ipr.
May.
Treasury Mlla
Otf of IndoM.
7/8*
1-1/g^ 000 note
Treasxiry note
.90i(
3/U)f
Treastny note
l-l/Uj( Treasury note
Otf. of IndeM.
7/git
Otf. of IndoM.
7/8%
.
S
'
A
•
B
D
M
l-l/2)(
EOU bond
7/«)5
iag.
Sept
Sept
Oot.
lee.
Sao.
See.
7/^
Otf. of IndeM. C
Otf. of Indebt. I
Otf. of Indebt. ?
a-3/U5f Treasury
Varloua)
u.5i*9
2/1/115
(a/i/Ui*)
5,0l*8
'V?^}\
(2/l/W)
2,127
i/iP*5
3/15/U5
9.262
1*12
U/1/U5
5/1/U5
Wi/wS
l*,877
(5/lM)
1,615
i/lM^l
(6/l/3?>
755
.
6/1/U5
(6/26/lit)
•
8/l/lt5
(8/l/UU)
U.770
2.511
(9/l/>t4)
3.691*
9/l/»t5
9/l5/l*5->*7
•
bond
(9/1S/35)
(10/l/tA)
2-l/2)t Ireaaury bond
12/15M
^/l^
12/15/U5
'i^fM}^)
7/8%
Otf. of Indebt. 9
B
Treaaory note
Otf. of ladaM. H
12/1/145
(12/lg/lio)
(12/1/lA)
i.ai
5S
726:
Total
3)(
3-3/^ Treasury bond
3j(
3--l/8)(
1/1/U6
Cosrerelon bond
Treasury note
lj(
Mar.
June
Jona
Sao.
See.
S/IS/W
3/15A6-56
6/l5/ui4«
Treasury bond
Treasury bond
6/15/1*6-1.9
1-1/^ Treasury note
.90%
Treasury note
1
(1/1/16)
(Il/1/Ul5
(3/15/26)
Jo&e
June
Sept
Sept
Oot.
Sao.
Sao.
(6/15/31)
(6/5/42)
1/1/1*6
(12/1/Ul*)
CouTerelon bond
3^
1-1/2^ HOLC bond
l-l/Ujt Treasury note
2-3/l*jt Treasury bond
1-1/2% Treasury note
lt-l/l*it Treasury bond
Treasury bond
2^
li-lMi Treasury note
29(
1/1/1*7
6/1/1*5-1*7
1
3/15/1*7
9/15/1*5-1*7
9/15/U7
Treasury bond
2-3/1*^ Treasury bond
Jon*
June
3>
Sept
Sept
Sao.
(1/1/17)
(6/1/3?)
(6/26/lA)
Treasury
Treasury
2-1/2% Treasury
l-l/S' Treasury
Treasury
2)(
i'T/iaW
10/15/1*7-52
(10/16/22)
12/15A7
9/15A7
42/15/38)
(12/l/W)
3/15A8-5O
3/15/1*1
3/15/1*8-51
(3/16/36)
(6
AS/?!*)
(6A5/>*)
(12/l/*2)
(3/15/38)
bond
bond
bond
-
-•
6/15,
6/15/ltg
-
note
A -
9/15A8
9/15A8
bond
P*6M
- 12/15/1*8-50
(3/15/Wl*)
13
755
1*91*8
2^707
701
28>*5/
1.969
3-1/^ Treasury bond
6/l5A6-l*9
Treasury bond
TrsEisury bond
3-1/^ Treasury bond
2-l/2St Treasury bond
Treasury bond
2!^
6/15A9-5I
(1/15/H2)
9/15/1*9-51
12/15/1*9-52
12/15/1*9-53
12/15/1*9-51
(5/15/1*2)
(12/15/3I*)
1.036
3.062
3,^
2.910
Sept
Sept
Treasury bond
Treasury bond
2%
Z-l/sf Treasury bond
Treasury bond
2)(
Treasury bond
2%
2S(
1,036
^^15/31
l.OlU
1.292
1*91
1.786
2.098
(12/15/36)
(7/15A2)
Total.
1950-Kar.
Mar.
7,622
1,115
1.223
7,261
Ana
9
U.568
(12/8/39)
19U9-Jiine
2)(
6,912
2,31*1*
f9<l*/^5)
Total.
Sept
Sao.
Sao.
Sao.
16/
5,653
Mar.
1-3/1*)'
1.036
819
3.261
l*.568
Total.
19><«-Mar.
16
1.291
(6/15/31*)
12/15/U6
Total
19l»7-Jan.
1*6,185
1,969
Mar.
9.262
1.606
•
10/1/1(5
7/8J<
^
W^S/^O)
C
June
June
7/8)1
•
laauaa floa
oallabla laauaa
olaaaifled }JJ Tear
of final aatnrltr
3,529 2/
86815/
g/
2/15A5
(
1
nxed-oatnrlty
laaoea plna
callable laaoea
elaaalflel
Tear
of flrat oall
1*.855
9.262
igits
nxad-aatorlty
6.682
3/15/1*8-50
(3/15A1)
3/15/50-52
9/15/50-52
9/15/50-52
(10/19/1*2)
12/15/1*8-50
(12/8/39)
'?/l5/38)
1.963
1,186
(V15A3)
1*.939
Total
1.687
(Gontlixued on following
pa^)
8.296
January
29
1^45
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United Statesl^
As of Noveiaber 30, 1944 - (Continued)
(la Blllloiu of tellari)
Total aaxmal natarltle
Datalled aiumal SAtrtritlaa
ISBCrlptlon of ••corit? Zj
Tear
and
moath
nzed-
(Sate of laao* la ahown la paraatheaea)
Callable iesnAa
olaaalflel tj year of:
B&ttirlty
nasi
laaoaa
BatT>rlt7
1951-M«r.
Jime.
Jnna.
Sept.
Sept.
Sept.
Osc..
JIM3..
I»0..
a-3/>(#
2SS
Iraamiry bond
Tpeaanry bond
i-^M> TreasTUT bond
Treaanr7 boad
jjt
Tpeaetiry boad
Treaaory bond
3*
S-lAS* Troaanry bond
8jl
Traaaury bond
ajt
Traaenry boad
ajT
-
3/15/^8-51
3/16/36)
6/15/1*9-51
(1/15^2)
6/15/SI-5U
(6/l';/36)
g/lS/^-Sl
(5/l5/fe)
(9/15/^3)
(9/15/31)
(ia/29/39)
9/15/51-53
9/15/51-55
- 12/15/51-53
-12/15/51-55
(12/15/1*1)
(7/l5/>»2)
-12/15/1*9-51
Total.
1952-Max...
Mar...
Joae..
Joae.
Sept..
Sept..
Oat.
Sec.
2-l/2)Hroaanry
2J(
treaetay
l*-l/l*«
Traamry
J-l/g* Treaeopy
Treaamy
2^
bond
bond
bond
bond
boud
bond
bond
bond
bond
-
3/15/52-6'*
(3/3l/'H)
-
3/15/50-52
6/15/52-55
6/15/52-54
9/15/50-52
9/15/50-52
(10A9/1»2J
- 10/15/1*7-52
(lO/l6/22)
- 12/15/1*9-52
(la/XS/jjl*)
(12/l/ltl*)
-
1953-Jnne..
Sept..
Sac...
Vkc...
1.963
1,501
5.K5
1,186
I*.
939
(/ISAS)
Z59
1*91
1.1355/
9.1*85
Traaaory bond
Traaaory bond
6/15/53-55
9/15/51-53
12/15/1*9-53
^/^^S/J^i
1-lfkt Treasniy bond
12/15/51-53
(12/22/39)
2>
1,021*
(6/26/1*1*)
2^l/2S( Tre&anry bond
2S(
5.628
755
1,118
510
(2/25^2)
Total.
11.996
1,011*
1,292
(?/l5/3«)
- 12/15/52-9*
Ilxed-Batnrlty
iBBoee plus
oallable lamea
olaaaified by /ear
of final aataritjr
3,627
11.996
a-l/a^ Tpeaaupy
Treeanry
2SS
&.l/>til freaanry
Ir«a»ary
aSt
claaotfled bf year
of flxet sail
Tlxad-o&tnrltT'
laeoea pins
callable iaaoea
9.338
9.1*85
5"/T-?«)
;<9<J^5/l»3
7.986
1.786
1.118
Total
195U-Mar....
Jdaa...
2-l/29(
Treamry bond
3/15/52-5!*
2-3/lti(
Traaanxy bond
TTManry bond
Treaaory bcod
Treanry bond
6/15/51-5^
6/l5/?*-56
a>l/lli(
23(
See.!!!
2^
l.OSU
1.627
Wi^^^i'
(6?15/36:
(7/L.
.
<I/22/?<l
6/15/52-51*
- 12/15/52-51*
681
5.825
(6/26/1*1*)
(12/1/1*1*)
1955-+I0P
Dae
23(
3^
Sf
Troaanry
Sreaanry
Treaanzy
Treaanzy
bond
boad
boad
bond
boad
3/15/55-60
6/15/52-55
6/15/53-55
9/15/51-55
12/15/51-55
3/15/35
2,6U
1,501
725
755
510
(2/ffi/fe)
(10/7/1*0)
(9/15/31)
(iz/isAi)
Total.
1956-«ap..
Mar..
Jane.
Sept.
Sept.
3-3/l*)t
3.1*91
Treanry bond
3/15/1*6-56
(3/15/26)
bond
bond
bond
bond
3/15/56-54
(6/2/1*1)
(7/22/1*0)
a-l/2j Traaaory
2-l/l|jf Treaanzy
2-3/Uj( Traaaory
2-l/l(9( Traaaory
6/l5/5i*-56
9/15/56-59
9/15/56-59
a-l/Sjt Treaaniy bond
2-3/1* Treaaory boad
(2/1/1*1*)
6,253
-
3/15/56-58
6/I5/58-63
1,1*9
4. ..(6/2/1*1)
(6/15/38)
1, 1*149
2-3M
treawiry bond
a-l/M( Ireaanry bend
Total
3.1*91
(9/15/36)
Total.
1959-Sepl...
Sept...
9,6u
9.611
2-T/aS( Treaanzy
2-l/lti(
June ....
Sept....
,
1.1355/
Total
-
-
9/15/56-59
9/15/56-59
982
3.8?3
(9/^5/,
l*.80l*
,
(Oontlmied on follovlnc
pa^)
1.1*1*9
)
Treasury Bulletin
30
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States i^
As of November 30, 1944 - (Ckintinued)
(la
MlUloia of doUars)
Batalled
DsBcrlptlon of security 2/
Tear
aiatnrlty
Hnal
Icsoea
2-7/Sit Troaenry
2-3/Uj( Treaanry
19£0-Kar.
Dae.
bond
bond
-
1,1(85
3i6
Panana Canal bond -
2-l/23t
Treamry bond
-
5/1/61
6/15/62-67
iasoea pine
callable leaaeB
claaslfied by year
of flrat call
Plxed-oatnrlty
leanea plna
callable leanea
claaslfied by year
of final maturity
1,1(«5
Total.
196l-Jnne....
71 xB d-natnrl ty
2,6U
;(3/i5/35)
(12/15/38)
3/15/55-fo
- 12/15/60-65
Total aamial matnrltlea
matnrltle
Callable iasoea
claaslfied by year of:
Ilxad-
(Date of laoae la abnvn In parentheaea)
month
wyiwnni
2,611
1,1(85
2,611
(6/I/II)
(5/5/1(2)
,
1963-Ama....
2-3/im Treasury bond
2-1/aSt Treasury bond
- 6/15/5S-63
- 12/15/63-68
(6/15/38)
( 12/l/U2)
196lt-Jnna.
3-1/255 Treasury
2-l/2St Treasury
bond
bond
6/15/6H-69
(V15A3)
l2/l5/61)-69
(9/l5/'t3)
3.761
3.838
7.600
1965-Dec.
Mar.
2-3/U?J
Treasury bond
bond
2-l/2!t Treasury
-12/15/6&-65
-
3/15/65-70
1.U85
(12/15/38)
(3/1/UU)
1,1(85
bond
19eS-I)ae.
a-l/ajt Treasury
1967- Jane....
Sept....
2-1/256 Treasury bond
2-l/2J( Ireaemy bond
-
3/15/66-71
6/15/62-67
9/15/67-72
(
12/l/UU)
1(015/
;-<5/5/'e)
2,716
(10/20/1(1)
196s-Ilec.
2-l/2iS Treasury bond
- 12/15/63-68
(12/1/U2)
1969 -June....
See
2-l/2)t Treasury bond
2-1/256 Treasury bond
-
('/l5/'(3
(9/15/1(3)
2,716
3.761
3.838
7,600
&.l/t3t Treasury bond
-
3/15/65-70
(2/l/ltl()
Treasury bond
-
3/15/66-71
(12/l/lA)
2-l/2i6 Treasury bond
-
9/15/67-72
(lO/20/l(l)
3-1/256
1972-Sept.
Source:
1/
2/
^
rtally Treasory Statement, and reports to the Treasury.
Excludes postal saTln^ bonds, Federal Housing Mmlnlstratlon debenturea, and goaraateed securities held by the Treasury.
It abould be noted that callable Issues e^pear tvloe In this coltunn,
once In the year of first ball and again In the year of final maturity. Callable issues vlth respect to which a definite notice of
call has been made, hovsver, are Hated as fixed matnritiee. The
abbrerlationB refer to the folloviog corporations: Hos» Ovnere' Loa
Corporation and Comuipdity Credit Corporation.
Does not In^lnde $610,000 retired upon exchange during the period
HoTember 20-30. ISlVi, In prepsTaent for O.9OS6 Treamiry notee of
Series C-19l(6, dated December 1,
1^.
1.1(85
1(01
2.716
6/i5/9*-6S
- 12/l5/61|-69
5.197
7.600
1(015/
2.716
kf
5/
6/
2,716
Sues not inclnds $168,900,000 retired upon exdhange during the period
Hovember 20-30, igUU, In prepayment for Treaaory bonds of 1952-5^.
Treasury bonds of 1966-71 and Treasury notes of Series C-19l(7, all
dated December 1, 1^^, lAlch vere offered for sale during the Sixth
Var Loan DtIto.
Represents sosount of prepfQnaenta recelTed during the period HoTember
20-30, 19l(l( for these Becarities lAldi are dated December 1, 19'(1(,
and were offered for sale during the Sixth Var Loan Ibive.
Sepresents anount of prepe^ents recelTed during the period Bovember
20-30, 19U1( for these seairltles riilch are dated December 1, igV^,
end were offered in exchange for 7/8^ Certificates of indebtedness.
Series 0-19l(l(.
January
1^5
31
Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Date
terme of
offering
0ub scription
Period to maturity
Deecriptlon of tectirlty
(Itete
(Period to first call
shown in parentheses)
of Issue 1b Bhovn In parentheses)
u
opened
on which
commercial
banks
restricted
issues 2/
First
iret War Loan aecurltiee;
aecurltle
li/30/i«
1/21/1*3
11/30/1*2.
1/21/U3
2-l/2iS Treae. liond-12/15/b3-6g
Treae. bond- 6/15/1*8
Certificate- 12/1/1*3
(12/1/1*2)
l-3/l*?S
7/8)t
Certificate -
(12/1/U2)
(12/1/1*2)
2/1/Ul*
26 TT
5 yr,6 m
1
(21 yr)
yr
(2/1/1*3)
Second War Loan securities:
1*/12/1*3.
2-l/2)t Treae. 'bond- 6/15/61t-69
(l'/15/l*3)
Troae. bond- 9/15/50-52
Certificate- U/l/UU
(l*/15/'t3)
SjS
7/8)S
3/12/1*3
ez-'T/k,
6/28/1*3
7/22/1*3
8/16/1*3
9/9/1*3'
26 yr,2 a
9 yr.5 1"
1 yr
Certificate-
5/1/Wt
1-1/2^ Treae. note Certificate7/8*
9/15/1*7
(5/1/1*3)
(7/12/1*3)
8/1/1*1*
(8/2/U3)
U yT,2 D
1 yr
(9/15/1*3)
(9/15/'t3)
(9/15/'t3)
26 yr,3 a
10 yr
1 yr
7/8)5
7/22/U3
(Vl 5/1*3)
(21 yr.a a)
(
7 yr.5 a)
1 yr
Third War Loan securities:
2-1/2)! Treae. b0Bd-12/15/61*-69
Zf,
7/8*
10/6/1*3
8/16/1*3
10/G/U3
10/6/1*3
11/22/1*3
10/6/U3
11/22/U3
11/22/1*3
l/18/ltU-
10/6/U3 1/
7/8)6
Treae. bond- 9/15/51-53
Certificate- g/l/W*
Certificate-
lO/l/UU
2-1/256 Treae. bond - 12/15/61*-69 5/
Treat, bond - 9/15/51-53 5/
256
7/8)6
Certificate-
12/1/1*1*
Fourth War Loan Beourltlea:
1/2U/1*!*
1/2U/U1*
3/2/Ul*
3/2/l*U
3/2/1*1*
3/2/1*1.
3/2/1*1*
3/22/1*1*
i*/2l*/'t't
3/22/ul*
U/2U/U1*
U/lU/Ul*
6/l2/Ul*<
3/2/l*U
Treae. note
Treae. bond
Treae. bond
1-1/2* Treae. note
Certificate
7/8*
Certificate
7/8*
7/20/1*1*
8/2l*/l*l*
g/2U/Ul*
S/2U/1*!*
g/2i*/'rt
9/20/1*1*
9/25/'*
11/20/1*1*.
11/17/1*1*
11/ao/ui*
11/17/1*1*
11/17/W
11/20/1*1*
11/20/1*1*
11/17/1*4
ll/20/¥*
(2/l/W)
(2/1/Ml*)
3/15/65-705/
(2/1/1*1*)
9/15/'*8
(2/1/1*1*)
(3/15/'*i*)
l*/l/'*5
(Vl/Ul*)
5/1/1*5
(5/1/1*4)
8/
2-1/2* Treas. bond- 3/15/65-70 5/
Treae. bond- 6/15/52-5I*
2*
1-1/1** Treae. note- 3/15/1*7
Certificate- 6/I/U5
7/8*
7/S*
7/8*
1*
7/8*
CertificateCertificateTreae. note Certificate -
8/1/1*5
9/1/1*5
3/15/U6 5/
10/1/1*5
Sixth War Loan securities:
2-1/^ Troai bond- 3/15/66-71
10/23/1*1*
(2/1/1*1*)
9/15/56-59 5/
Fifth War Loan eeourltlea;
7/20/1*1*
(2/1/1*1*)
3/1/1*5
2-l/l*)6
Treas. bond-12/15/52-5l*
2*
1-1/U* Treae. note- 9/15/'*7
Certificate- 12/1/1*5
7/8*
Treas. note
.9C?6
2-1/2* Treas. bond
Treas liond
2*
1-1/1** Treas. note
.
-
(9/15/1*3)
(12/1/1*3)
l/l/l*6
1 yr
26 yr,2 a
9 yr.ll m
1 yr
(
yr.3 a)
« yr)
(21 yr.2 a) 6/
(
7 yr.llB)E/
8/
2-1/2)6 Treae. bond- 3/I5/65-7O
2-1/1** Treae. bond- 9/15/56-59
Certificate- 2/1/1*5
7/8)6
.90*
2-1/2
(1O/15/U3)
(9/15/U3)
(a
(2/1/1*1*)
(6/26/1*1*)
(6/26/Ul*)
(6/26/1*1*)
(8/1/1*1*)
(9/1/1*1*)
(ll/l/Ul)
(lO/l/UU)
(12/1/1*1*)
(12/1/1*1*)
(12/1/1*1*)
(12/1/1*1*)
(l2/l/l*l*)
- 3/15/66-71 Ji/.. ..(12/l/l*l*)
- I2/I5/52-5I* 12/
( 12/1/1*4)
- 9/15/47 1^/77..... (l2/l/'*l»)
26 yr.l
15 yr.7
1 yr
;
i
(21 yr,l a)
(12 yr,7 a)
12/1/52
Amount
of cash
eubscrlptiODS
tendered
Amount ieBued
exchange
for other
aecurltiee
Treasury Bulletin
Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
Data of
refunding
exchange
transaction, or
of retirement
for cash
transaction
Amount of
maturing
or called
security
outstanding
Description of called or matiiring
eecurity 1/
ir
(Ibte of Issue ie shown in parentheses)
Amount
for cash
retirement
Amount
exchanged
Description of new
security offered
Percent
exchanged
(In millions of dollars)
11/1/1»2
12/15/te
2/l/t3
3/15/t3
5/l/'+3
Certificate - 11/1/1*2
1-3/1** Treas. note - 12/15/1*2
(U/15/U2)
(12/15/37)
l/SjS
3/1**
Certificate Treas. note -
2/1/1*3
3/15/1*3
(6/25/1*2)
(3/15/1*1)
.65*
CertificateCCC note
5/1/1*3
5/1/1*3
(9/21/U2)
3/1**
5/8*
-
(8/1/1*0)
Totals for exchange transaction of 5/1/1*3-
6/15/U3
7/15/t3
3-3/8* Treas. bond1-1/8* Treae. note 1-1/8* HIC note
8/S/U3
9/l5/t3
7/8*
1*
6/15/1*3
Certificate Treas. note -
1.507
232
1.507
232
1,506
289
(6/15/27)
(6/15/38)
7/15/1*3
(l*/17/ltl)
629
32U
U5U
629
32U
1*5U
(8/15/1*2)
(6/15/1*0)
1,609
279
279
IO/I5/U3
3-1/1** Treas. bond - 10/15/1*3-1*5
(10/15/33)
1,1*01
239
10/15/1*3
12/1/1*3
12/15/1*3
Certificate- 11/1/1*3
7/8*
Certificate - 12/1/1*3
7/8*
1-1/8* Treas. note - 12/15/1*3
(11/2/1*2)
(12/1/U2)
(I2/I5/38)
2.035
3,800
96
260
U21
JPHA note
Certificate -
2/1/1(1*
3-1/1**
3*
1*
3/15/Ul*
3*
Vl/U*
i*
3/1**
FMC
.
bond
TFHC bond
HTO note
HOLC bond
Treas. bondTreas. note Treas. note -
8/1/1*3
9/15/1*3
2/1/1*1*
(2/1/39)
2/1/1*1*
(2/1/1*3)
3/i5/ltlt_6U
5/l/ltl*-52
(3/15/31*)
(5/15/31*)
(7/3/1*1)
(5/1/31*)
lt/15/Ul4-il6
(It/l6/3lt)
5/l5/l*l*-l*9
U/15/1*U
(11/1/39)
(6/15/39)
3/15/1*1*
6/15/1*1*
Totals for exchange transaction of
3/15/1*!*'
•
Certificate -
5/l/l*U
1,556
7/8*
Certificate -
8/1/1*1*
1,161
2-1/2* Treae. bond - I2/I5/6U-69
Treas. bond - 9/15/51-53
2*
1.655
••
6/15/U3-U7
6/I5/U3
7/8*
53
1(21
llU
2.211
7/8*
7/8*
Certificate Certificate -
.90*
Treas. note
3/l/'*5
/It* Treas. bond
2-1/2* Treas. bond
1-1/2* Treas. note
9/15/1*8
llU
571
76
705
559
779
1.519
1.223
515
1*83
19
95
835
130
6ol*
U16
i51
't.729
270
7/8*
Certificate-
lt/l/l*U
(l*/l5/'*3)
1*,877
7/^
7/^
Certificate -
5/l/Ul*
(5/lA3)
1*0
8/1/1*1*
7/Sio
g/l/UU
(8/2/1*3)
31*
1,615
2,511
9/1/1*1*
7/8*
CertificateCertificate-
5.251
1.655
2.5!^
37U
5/1/1*1*
9/l/Ul*
(9/15/1*3)
1»,122
1*28
3,691*
7/S*
7/S*
7/8*
9/l5/l*l(
(l/3l/l*l)
9/15/UI*
(12/22/39)
635
283
3/1**
1*
Treas. note Troas. note -
Totals for exchange transaction of
10/1/1*1*
7/8*
is/l/t'*
T/gjt.
CertificateCertificate-
1**
Treas. bond - 12/l5/l*l*-5l*.
10/l/l*lt
12/l/l*l*
9/15/1*!*'
9/15/56-59
3/15/65-70
3.919
U/l/i*4
9/15/1*^
Certificate
Certificate
Certificate
Certificate
WlM
•
•
(lO/l5A3)
(12/lA3)
27
133 P
3.519
3.51*0
Back Figures: For period December igUl throu^ October
Bulletin" for Hovember igl*!*. page 33Prelinlnary.
p
129 p
.(12/15/21*)
19l*2 see
5/1/1*5
8/1/1*5
9/1/1*5
Treas. note -
3/15/1*6
Certificate
Treas. note
10/1/1*5
1/1/1*6
•
3,1*92
3,1*07
p
99
7/8*
96 p
.90*
1-1/1** Treas. note
12/15/1*4
lO/l/UU
12/1/UU
"Treasury
1/
2/
Treas. bond
2-1/2* Treas. bond
2*
Origijial call ajid maturity dates are used.
Not available to commercial banks.
9/15/1*7
•
12/15/52-51*
,
3/15/66-712/
1945
January
33
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(Amounts In mllllonn of dollars)
Total bills
ouftandlng
Amount of bids accepted
NTiaber of
days to
maturi ty
Affloujit
bldo
tendered
Amoaat on
competitive
I9U3-HOT.
U.
IjUU-Peb.
3.
I,l't2.7
1,002.6
KOT.
12.
Fleb.
18
Peb.
F»b.
10.
17.
2h.
1,247.1
1,221.6
1,621.6
1,001*.
Not
Sot.
2.
1,5'*1*.0
1.006.1*
i.oii.u
1.000.2
1.005.5
1,011.0
.
26.
9.
l,69't.3
23.
30.
Mar.
Mar.
Mar.
Mar.
Mar.
16.
23.
30.
1,815.0
1,791-7
1914!*- Jan.
6.
.Ipr..
6.
Jan.
Jan.
Jan.
13.
20.
Apr.
Apr.
Apr.
13.
20.
27.
2,255-5
2,173.7
2,273-5
2,291.5
May
May
May
May
U.
11.
18.
25.
2,551.6
2,3iU.9
1.979.2
1.
Dec.
Dec.
Dec.
Dee.
Dec.
16.
?eb.
?eb.
?eb.
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
Hay
May
May
May
2.
9.
27.
3.
10.
17.
2U,
2.
9.
16.
23.
30.
l,00i*.7
1.002.3
1,005.7
1,012.7
1.007.7
930.7
927-8
71.6
77.8
1,002.6
91*1-3
71.1*
932-5
75-2
1,001.3
1,008.7
2,151.5
1,007.1*
1.035.5
1.016.1
1.001.1
1,009.7
936.3
969.5
951.1
937-1
71-1
66.0
65.1
63-9
55-2
1,006.1*
1,011.1*
960.7
959-0
959-5
961.3
1*7.0
13,11*0.1
13, 151*. 1*
5l*.6
l.OlU.S
1,000.2
1,017.2
1,016.9
966.6
50.5
59.0
59.3
57-0
1,002.3
1,005.7
1,012.7
1,007-7
13,161*.
50.7
52.6
52.3
55-1
52.9
1.007-1*
U8.8
5U.U
59-7
56.2
1,007.7
i.oiu.s
2, ''59.
2,'*50.7
2,095-1
2.116.7
1.976.7
1.997.8
1.927.7
1.007.7
2.028.1*
1,013.1*
1,015.9
10.
17.
2U.
2.172-7
2,170.2
1,017,1
1,206.9
1.206.3
1,11*8.0
1,11*7.0
1,958.1*
1.211*.
1.157.1
1.887.1
1.990.1
2,193-9
2.173-S
2,308.9
1.215.3
1.202.6
1.201.0
1.211.6
1,207.8
I.16U.6
1,150.0
lU.
21.
28.
5.
2.215-1
I.167.U
13.
19.
26.
2.01*2.3
2. 071*.
1,216.3
1,203.8
1,206.6
2.177-'*
l,2ll*.l*
1,158.2
2.
2.010.U
2,001.1
l,2ll*.l
1,156.6
1,150.3
31.
Not.
Not.
Not.
Not.
Not.
Sept.
7.
Sept. lU.
Sept. 21.
Sept. 28.
Dec.
Dee.
Dec.
Dee.
3.
10.
17.
2lt.
5,
13.
19.
26.
2.
9.
l6.
2l(.
30,
19 1*5- Jan.
Jan.
Jan.
Jon.
feb.
reb.
Teb.
reb.
Mar.
9.
16.
2U.
30.
7.
ll».
2.033.1*
1.851.6
1.831.6
I.7S2.I
2.005.U
2,088.3
1,011*.
1.210.9
1.205.8
1.209.9
1.210.2
1.206.9
1,211*.8
1,11*8.7
1,156.5
1,151*.
1,11*9.1*
1,11*6.9
1,000.8
1,008.1
1,001*.
1,000.2
1,005.5
1,011.0
55.5
5l*.0
1,035-5
1,016.1
1,001.1
1,009.7
13,100,5
13,101.5
13,113-0
13,112.0
13.113.0
13,137.1
13,153.1
13,l!*8.6
13. 11*7.
13,150.7
13.1'*9-7
13,365.5
13,559-3
13,765.3
13.973,7
lU.iUo.a
ll*,325.7
1U,536.2
lit, 731*.
ll*,9U3.o
15,132.3
15,325.'*
15,523.9
1.017.1
1,206.9
1.206.3
15,720.9
1,211*.
1,153-2
15,720.1
15,715.0
1,161.9
1.151.3
1.152.5
1,161.5
U5.0
63-5
63.1
56-7
1.202.6
1,201.0
1,211,6
1.207.8
15.719.2
15.733-1
15.737.0
56.1
58-7
59.7
1,216.3
1,203.8
1.206.6
15,71*9.1
15, 857-8
1,11*3.7
1,11*8.1
1.215-3
1.218.0
1,312.6
1,313-9
1,308.9
1,161.9
1.253,9
1,251*.
5"*-
1.211*.!*
1.
8.
2,21*0,9
1,311.0
2,261*.l*
l,31't.3
1.260.6
1,261.7
15.
23.
1.932.1
2,078,5
2,061.8
1,300.6
1,313-5
1,203.7
1.
13,080.1
13,075.6
13.092.0
13.100.9
57-5
60.6
62.0
61.9
57.0
2.308.0
2,197,0
2,183.9
2,356.3
11.
18.
25.
13,072.2
1.015.9
2.aui*.5
It.
13,076.3
1,013.1*
1.215-5
1.218.2
21.
28.
Data on new Issues come from Public Debt SerTlce; amount of
maturing Issue and total bills outstanding are on Iblly Trea
ury Statement basis.
Back riguxes: Annual Ileporto of the Secretary of the Treasury.
1/ Commencing with the offering of Treasury bills dated May 12,
Soxirce:
95"* -5
2.11*9.7
13.
20.
27.
13, 06!*.
57.t
59-5
66.9
1,000.2
1.017.2
1.016.9
2.131.1
Oct.
Oct.
Oct.
Oct.
13, 081* .-8
1,006.9
3.
6.
13,073.3
l,00li.9
1*8.1
8.
7.
1.001.8
966.7
9U2.8
957.7
950-0
1.0ll*.8
15.
22.
29.
31.
78.1
13,061.5
13,071.5
13,067.5
13.073-8
1*1.9
Aug.
Aug.
Aug.
Aug.
Aug.
Sept.
Sept.
Sept.
Sept.
1,005.8
99U.7
1,005.3
1,002.3
969.0
1.771.
U.
8.
67.5
75-6
71*.
ol-jmn)
1,003.6
1.017.7
1.003.0
6.
25.
fir
8
91*1*.
13.
20.
27.
11.
18.
shown In
Amount on
fixed-price
baelo 1/
63.9
63.8
65.8
60.7
93U.1*
July
1.
Sot.
Not.
KOT.
Not.
Sot.
9U2.5
9^7.6
July
July
July
15
22.
29.
Oct.
Oct.
Oct.
Oct.
935-2
929.1
927-3
930.5
6,
June
Aug.
Aug.
Aug.
Aug.
Aug.
1.001.3
1.008.7
13.
20.
27.
June
June
June
June
July
July
July
July
June
June
June
June
June
(as of date
of
1.25't.l
50.1*
l,2ll*.l
1.21*7.7
52.6
52-9
1.262.1
1.138.6
65-1 1/
1.210.9
1,205-8
1.209.9
1,210.2
5i.lt
,
15, 721*.
15, 721*.
15.7't7,1
15.965-1
16,059.6
16.156.5
16.259.9
l6.35'*-7
l6,U53,3
16,
1*01*.
tenders fbr bills in the amount of $100,000 or lees fj-om
any one bidder were accepted in full at a fixed price of 99.905
per hundred. This amount waa increa£ed to $200,000 or less commencing with the offering dated Korember 30, igllU.
19'*3,
Treasury Bulletin
3^
Offerings and Maturities of Treasury Bills
-
(Continued)
Table 2.- Prices and Rates of Treasury Bill Offerings
Total bldi Accepted
ATerage
price
per handred
igits-HoT.
ConpetltlT* l)ldB accepted
EqalTAlent
avera^
rate 1/
Price
per
hundred
Squlvalent
rate
Equivalent
rate
1/
i/
1^5
January
35
Sales of United States Savings Bonds
Table 1.- Summary of Sales and Redemptions, by Series
(In million! of dollarBJ
Sales
Amotuat
OUtstaZLdlQ£
end of
fiscal year
or month 1/
Ket change
during
fiscal year
or month
Sales to
InTestors
other than
ooanerclal
banks
ill
•62.0
19351936.
1937.
1938.
193919ltO.
19IH.
19't2.
19UV
316.1
799.6
1.237.7
l,86g.l
25U.1
2.90U.7
U.31U.O
10,188.2
21.256.2
+1,036.6
3U, 606.1
19l*3-HoTeiiilier.
December
igVt-Jaoaary.
Harsh.
. .
Joiia..
AngaBt.
Septenter.
.
.
+1,1109.3
+5,87U.2
+H, 068.0
+13,350.0
62.6
26U.0
512.6
M87.5
68U.5
1,108.7
1,U92.U
5.99U.1
1,U92.1*
111*. 3
11*8.1
798.1
853.0
I3.U
19.6
170.5
206.9
169.6
205.9
193.0
80.6
U.i
27-7
17.5
17.6
187.8
186.
181*. 8
183.7
266.8
1.5
2.2
76.8
21.6
18.5
237.1
278.9
21*.
21*7.6
33.5
1,505.1*
2,700.9
705.0
738-5
750.6
737.0
+»t90.2
+1,619.2
1,81*2.2
1.765.t
36.537.8
36,883.5
37.323-3
+1,931.6
+3U5.7
2,125.1
692.1
2,089.0
600.0
691.1
36.1
+lt39.8
37.6*.7
+3a.U
695.0
69U.lt
38,308.2
+663.6
1,023.1*
748.1*
268.1
a.
30.7
226.9
278.7
283.0
.6
26.9
22.6
1I00.6
382.1*
.5
.5
1.2
7.2
17.1
28.0
11.2
36.2
66.6
82.0
11.1
1*2.1
111*. 3
110.8
65.0
85.9
92.0
96.0
1U7.5
132.7
5-1
7.7
6.1
6.0
5.5
5.5
13.8
7.8
7.2
6.8
6.8
6;5
6.2
+.7
6.5
5.3
8.2
6.5
7.3
6.3
5.8
6.5
5.6
6.0
+62.0
+25U.1
3.650.2
191*2.
3,601*.
-1*6.1
3,608.0
+3.8
+16.8
602.1*
+J*83.5
+J*38.o
+630.5
23.7
999-7
62.6
26U.0
512.6
U87.5
68U.5
+1.036.6
+7U5.5
828.0
+6.9
Tebroazy.
March. . .
3.623.3
3.624.2
3.62U.9
Iprll.
Hay...
3.62U.8
3.622.9
Ji3XLe.
3.6si*.8
-1-9
+1.9
July
ingast. ...
September.
3.632.7
3.63U.2
3,636.2
+7.9
+1.6
+2.0
1'».7
8.1
7.5
6.8
6.6
5-5
3.637.2 2/
3.636.3 1/
+1.0
-.9
6.7
5.5
6.U2/
.+.9
Series >
igw.
21,12l*.8
19U3-HoTeinber
December,
15, 1)01*.
15.957-2
+203.1
+7,615.8
+9,838.2
203.1
3,526.3
8,271.3
11,819.7
+523.1
*552-5
665.3
727.6
+3,1*67.7
16,891.0
18. 841.7
19. 185.
•933-8
+1)07.0
May...
19,592.8
19,979.5
.Ttme..
21,12l*.8
JTOy
22.632.3
22.898.9
23.256.9
19l4l<-Jaaoary..
Iteiroary.
March....
iprU.
ia^st....
September.
23.501.7 1/
23.970.8 Jj
225.1*
%
5/
5/
6/
3.61U.7
3.616.3
203.1
3,670.8
11,286.6
235.8
277.2
2U6.1
1.0
191*1.
191*3.
200.9
2.1*
2.901*.
191*1.
191*2.
11*2.8
81*1.3
2.781.5
709.1
igito.
igUl*_jBj
110.8
2.357.8
1,698.1*
62.0
316.1
799.6
1.237.7
1,868.1
Decenil)eT.
1*2.1
2.370.9
+1,538.2
+2,6lU.2
1935.
1936.
1937.
1938.
-939.
19l*3-iroTemter
65.6
80.0
15.1(97.7
28,901.0
31,515.2
31,973-8
3.621*.
11.1
36.2
66.6
82.0
11,788.7
15.139.5
U.788.7
Series i.-S
I9w!
.5
U.2
207.1*
81*8.3
79R-1
853-0
+523.0
.5
1.2
7.2
17.1
28.0
65.0
87.5
127.6
223.2
5.99l».l
*&a..o
+1*58.6
Original
purchase
price 2/
^
26,697.0
27,362.8
32,U96.8
32,987.0
3U,6o6.l
April.
1183.5
+U38.0
+630.5
nrles
Sales to
commercial
hanks
65.6
80.0
11*2.2
126.2
81.8
71.7
6.1
5.S
5/
^,
5/
2/ 8/
203.1
3.526-3
8.271.3
11,819.7
1.5
33.1
118.1*
665.3
727-6
60.0
688.6
2.099.9
60.0
688.0
2.09U-7
1U9.7
186.2
149.1*
163.6
160.7
163.2
160.3
21*1.1*
21)0.8
185-9
1,081*.
l,08l*.6
2.102.3
575-8
2,102.3
575-8
12.7
9.1
9.7
212.2
21*8.8
1,31*9.8
14.2
12.1
15.2
21*9.7
+1,11*5.3
605.7
62U.3
I.3U9.8
212,9
+386.7
605-7
62U.3
219.7
218.9
+1.507-5
+266.6
+357.9
1.686.S
1,686.5
1*99.4
1*99.4
590.8
590.8
17.3
13.0
21.9
196.3
245.7
254.7
253-6
+2ltl*.9
598.6
598.6
18.
372.5 1/
353-6 jJ
370.9
351.9
1)69.0
15.8
(Oontlmed on follmlng page)
Interest
accrued
2/
9
2
•.
.
S
U
U
Treasury Bulletin
36
Sales of United States Savings Bonds
-
(Continued)
Table 1.- Summary of Sales and Redemptions, by Series
-
(Continued)
(In milllona of dollars)
Sales
Amount
oat e tending
end of
flsoal year
or month 1/
Net (diaztge
during
flBoel year
or month
Sales to
Izmsters
other than
oossnereial
+66.6
IMS.
l,2Ua.3
1.995.7
igw
19lt3-NoTenil>or.
December..
19l|4-Jaimar7...
Pebroary.
Marcli
April
May
JTise
July
X.l
+753.'*
l.SUS.T
1,568.7
66.7
757.9
802.2
1,691.9
I.8&3.T
l,s6o.6
+123.2
+151.7
+17.0
126.8
22.9
68.7
132.7
21.7
1,875.8
1.885.9
1.995.7
+15.2
+10.0
109.8
19.3
15.3
115.1
ll'}
89.1
88.3
17.0
15.8
157."*
September.
+U.0
101.1
17.8
16.0
October. .•
HoTQmber..
2,121.5
2.15S.5
+8.2
+37.1
1*2.7
MU.O
+39U.O
+2.020.3
+2.70U.9
2.9
17.0
57.'+
2,lHl*.3
igiw! .!...!....
5.119.2
7,860.8
19U3-Hovember.
December .
6,128.9
6,220.5
IjUlt-Jaimaiy...
Febmazy.
6,694.9
7.205-6
March.. ...
7,302.1*
+96.
iptll
7.1*03.3
+100.8
Mar
Jane
7.U98.7
7,860.8
Jul7
8,181.6
Aa^at ....
8,21*8.1
September.
8,317.0
October. .
VoTember..
8, 381*.
39'*.6
.6
.7
6.3
6.6
6.3
6.6
.9
5.0
1.0
1.1
5.0
6.2
li
6.1*
]:l
'%
6.3
5/
1.3
^.•1
6.8
6.9
ij 2/
39U.6
2,032.1
2.759.5
2,528.5
+2,71*1.6
+99.7
+91.6
109.1*
101.1*
109.1*
.U
1*86.9
352.0
+510.7
521.7
110.3
+362.1
113.5
111.1
377.3
+320.8
+66.5
+68.9
+67.3
+158.3
+95.'*
1.1
2l».7
l.U
1.3
2,032.1
2.759.5
2.875.6
+1*71*
58.1
13.7
Sertee d
ISkl
I9U2
8,51*2.6
2.9
17.0
57.7
^1.2
23.
2&.1
+95.5
+11.0
Source:
2/
3/ 3/
66.7
U3U.9
757.9
1*3^.9
2.091.2
2,102.3
2.113.3
Aa^st....
Interest
acoroad
hasks
Series >
I9UI
19U2
Original
pordiaae
price 2/
Salee to
commercial
banks
21*7.1
.5
.5
11.8
5U.5
11.8
131*.
5^.5
13U.0
9.7
9.8
9.7
9.S
107.6
I3U.9
55.S
2.8
12.6
11.0
13.5
12.6
11.0
13.5
112.2
109.6
326.5
1-3
1.5
50.7
12.7
15.7
15.1
12.7
15-7
15.1
337.5
85.3
85.3
31U.2
23.3
1.6
16.7
18.3
16.7
18.8
16.1*
16.1*
82.8
173.9
82.1*
15.5
15.5
15.5
15.5
Dally Treaaury StatemantB.
Lees than $50,000.
At current redemption valuea except Series G, whloh la etated at
pax.
Estimated, except for Series 0.
For details ooncemis^ Inrestment yields and redemption Taluea, aee
"Treasuzy Bulletin" for Au^st 19^*3* pege 1*.
Comnerclal bank purchaaes vere permitted prior to ^prll 1, 19l*0,
and are estimated to have a^^gregated about $300 millions.
Kot yet aral labia.
Series A-D, sold betveen March 1935 end April 19!*!, are 10 year
discount bonds sold at 75?^ of maturity value, yieldiiK 2.90^ per
annnm if held to maturity; purchaaes were limited to $7,500 isaue
price in any calendar year and from April 1, 191*0, could be made
only by indiTiduala.
Bedemptlona of Series A^ bonds by eligible banlsa and trust companies, which commenced In October 191*1* (see 'Treasury Bulletin'
for October 191*1*. page A-1). have not been wholly classified by
series. For purposes of this table it has been necessary to
assume that all such redemptions were Series E bonds eren thou^
small amounts of Series A-D may hare been included. Oonseqoently
the amount outstanding of Series S m£Qr be sli^tly understated
and Series JUD slightly overstated.
101. I*
84*.5
158.5
.1*
15.
Series Z, on sale since Kay 1, 19l*l, la a 10 year discount bond
sold at 75^ of maturity Talue, yielding 2.90!^ per amsin If held
to maturity; purchases are limited to $3,750 iasoe price in any
calendar year and ms^ be made only
indiridnals.
Series 7 and
hare been on sale since Kef 1, 191*1. Series F is a
12 year discount bond sold at jkii of maturity Talue, yielding 2.53^
per annum if held to maturity. Series
Is a 12 year current income bond, sold at par, bearing interest at the rate of 2-1/2S& per
annum, redeemable at par on maturity or at stated prices less than
par before maturity. Purchases of Series F and
combined in any
calendar year are limited to $100,000 Issue price ($50,000 in calendar year 191*1) and throu^ December 31, 1943 could be mads by any
inrastor except commercial banka. Commendng Jazmary 1, 19l*l*, oommerelal banke were permitted to purchase Series F and
bonds under
certain conditions. For such limitations for the period January 1,
191*1* throu^ ITovember 19. 19l*l*. see 'Treasury Bulletin' for December I9I1I*, page 36, footnote 9. Oonmeacing Fovember 20, 191*1*, the
limit on commercial bank purchases waa $100,000 proTlding that total
holdings of Series F and
bonds,
Treasury bonds of 1952-51*, and
2-1/2^ Treasury bonds of I966-7I did not exceed lOjS of the combined
amount of time certificates of depoalt of indiTiduala and non-profit
corpcratlona or aaaodations end of saringa deposits, or $500,000,
lAiicherer was less.
V
^
1945
January
37
Sales of United States Savings Bonds
-
(Continued)
Table 2.- Total Sales by Series, Classified by Denominations
Sales in aillione of dollars at Issue price
Feroentage dlstrlbntlon at sales
Total
«U
»25
»3.1
I9UI 2/
19U2
3.526-3
8,271.3
11,819.7
igiw!
665.3
727.6
303.0
328.7
igltlt-Jaaoaiy..
l.OSU.S
2,102.3
575.8
3U2.9
April,...,
,
July
Mgust
,
.
.
October.
vjm'..
So.U
lUo.s
22l*.5
5i«!.9
21*7.5
27it.3
102.9
505.7
125.3
107-6
111.2
135-2i
2'*l.l
312.0
29-7
1*85.3
100.0
100.0
100.0
1*3.6
6.7
6.U
9.9
9.0
13.0
19.9
l,686.s
526.5
221.8
277.1
2lt«.S
33U.1
2l6.lt
?5.,5
100.0
100.0
100.0
lU.g
18.0
IS.O
12.8
95-9
107.6
309.2
51.7
59.5
22.8
89.8
106.3
19.2
18.2
l\
18.^
lO.U
10.1
281.9
301.2
105.3
126.3
1OS.8
165.5
36.6
8U.5
52.3
12U.3
1S.3
15.7
18.2
20.5
6.1
10.5
15.U
2.0
27.5
13.2
123.6
1*0.6
ao.i
1*0.9
213.3
l.g
8.7
8.5
l*.9
17.7
12.3
91.7
170.2
162.7
33.3
171.1
3O8.3
35^.8
22.3
3-7
3-5
39-'*
5.0
12.7
3.2
9.7
3-5
16.3
71.8
U06.2
526.3
520.7
883-8
1.157.3
39l*.6
2,032.1
2.759.5
2,875.6
.
..
December. ...
19ltl*-Jaiiaaiy..
U.S
50.9
81.5
578.1
805.7
21*9.6
91*2.3
1+86.9
1*1*.3
1*0.0
11.0
19.5
521.7
110.3
April.
May...
June..
113.5
111.1
377.3
lU.l*
337.5
85.3
85.3
lU.6
3.6
3.2
.
82.1*
IBS. 7
109.1*
101.1*
February.
March. • • •
July
August . .
September.
U.2
113.0
82.8
173-9
3.9
U.0
u.o
28.0
U2.5
9.5
lliu.6
10.3
10.0
33.8
1.1.5
1*2.7
128.1*
99.
3S.3
3U.I*
8.6
8.1
31.5
65.U
Total sales
Daily Treanuy Statements; (2) Figures by deaoolnatlons are stimated on the basis of reports recelTed tj the
Treasury.
Lesa than .05!S.
Sale of $10 dencmlnatl'
Series B bonds wao authorized In June igl*!*.
5-9
22l*.3
1,051*.
20.9
19.7
28. >
62.8
82.7
20.9
285-1*
20.3
37.1
35.2
31.5
30.6
29.9
5.3
5-3
13.7
U2.7
22.1*
100.0
100.0
100.0
24.2
. .
21.1
27.7
26.6
6.9
5-5
6.1
t.7
28.5
18.1*
28.1*
lU.l
21.U
19.3
15.3
115.1
September,
19.8
100.0
100.0
100.0
April
Hay
July
100.0
100.0
100.0
100.0
28.
2l*.8
100.0
100.0
100.0
29.6
32.1*
33.1*
36.9
29.7
100.0
100.0
100.0
100.0
5.6
6.8
8.7
29.2
32.3
13.9
18.0
19.6
20,1*
19.6
21.0
22.0
21.0
21.8
23.1*
22.8
20.0
19-1
18.1
10.1
9.9
UO.5
39.5
19.1
232.U
37.6
100.0
100.0
100.0
5.7
8.2
8.6
20.5
27.7
3^-7
12.9
15.S
19.0
36.0
32.5
130.2
100.0
100.0
100.0
9.1
9.0
9.0
36.5
31*.
19.2
19.7
18.7
65.8
16.7
16.7
99.5
22.1
100.0
100.0
100.0
10.2
10.1
9.5
36-5
Mo.l
39.0
19.5
19.6
19.6
16.0
35-3
2U.1*
9.3
9.2
38.1
37.6
19.3
20.3
26.9
21*.
50.5
(1)
2/
38.
19.lt
avfdlable only to members of the military and
naval forces of the Dhlted States.
Sales of Series £, F, and
bonde comitenced May 1, I9U1.
Sale of $25 danomiastlon Series F bonds was authorized in December
I9U1.
Thlfl denODlnaftion la
'iJ
$10,000
8.7
35.6
82.5
8.9
22.9
^.3
17.
6-5
7-2
5.0
157.1*
19l*3-Hovember.
22.2
23.1
7.5
13.0
17.7
17.8
21.5
February.,
March. ...
".'.".
12.5
lU.S
5.2
19-1
19.3
12.9
56.t*
17.8
33.6
6.6
191*1 2/.
191*2
20.7
2U.2
21-7
16.3
16.1
17.6
39.9
126.8
HoTeiaber.,
U.8
13.9
20.0
18.1
12.2
100.0
100.0
100.0
2l*.9
October,.,
$1,000 $5,000
U6.0
31.7
17.9
17.3
20.1*
23-0
20.7
21.9
11.
17.9
$500
277.5
1*0.3
December .
.
6.5
9.7
13.1
$100
186.
19l*3-BoTember.
I9W.
100.0
100.0
100.0
100.0
$50
309.0
','.'.. '.'..'..
Au^st
$25
5l*.2
66.7
U3U.9
757.9
19l*l*-Januflry.
$10
1/
17U.2
.
,
denoolB&tlo&e
1*02.2
590. s
19U2 1/
$10,000
291.3
305.9
Kovefflber .
191*1 2/
$5,000
605.7
.
September,
$1,000
l,3'»9.3
May
Jujia
$500
1U.4
Ul.lt
1*0.7
13.3
93-1*
615.6
3UI.5
812.
536.9 1.119.5
2,988.2 l.OSl.O 1.713.8 1.007.3 1.U81.0
U,lU9.1 l,6l«.5 2.583-5 1.396-9 2,01(7.8
19U3-SoTem*«p.
December
Harob....
$50
..
!
1
Treasury Bulletin
3«
Sales of United States Savings Bonds
-
(Continued)
Table 3.- Sales, by Series, to Investors Other than Cotimercial Banks, Classified by States
PART A
-
SERIES E
(In thousaade of dollars at Issue prices)
fiscal year
19^-}
Alabama
XrlioM
91,272
27.8U6
Ar'icaaaas
52.76''
Oallfornla
Colorado
igi'i'
Sept.
7,1*9
2,092
3,675
7.331
2,012
3,903
11,6I<8
30,599
3,822
8,7'»6
1'*.017
dg
56,999
5,121
86, 635
f.33,877
970, 1'l''
56,
62,132
168,258
90,226
220,926
5,028
13,300
Delaware
21,82U
BlEt. of Col\::rMa
Florida
27.609
135,069
lU2,682
ii.oitg
89,
Co!inectlcut
<i3,l'»3
^6
ieorgls
Idaho
Illinois
t7,8U5
575,056
Indiana
Iowa
Eansaa
213,813
176,508
106,190
9't,';2U
Kentucky
Loulelene
Maine
Maryland
HasEechusette.
Michigan
.
.
Minnesota
MlsslaslDpl
Missouri
Montana
Nebraska
Nevada
New Ranpshlre.
Sew Jersey
New Meilco
.
l't5.933
''0,230
8,666
1,6U3
''5. ''79
313,59''
18,793
10,S70
7,Ut7
263,lti'5
163.077
7.880
987
6,021*
1,121*
1*0,050
1,1*11
1,935
5,159
1*3.782
1*2,31*0
76,ii25
6,1*50
11*0,398
956
56,009
1*5,
21,585
21,88>*
1S,«;08
58.283
63.579
36.095
15.558
9.538
7,257
19,232
9.773
6,6U6
19,661
8,877
7.202
29,519
50,160
12, ''27
5'i,8=;f
''2.155
15.950
5.855
6.580
18,857
8,227
6,U35
18,080
8,189
5.089
6,896
6,532
7.657
5.657
2, "ills
2,1*18
6,873
8,357
2, 660
15,692
55.961
8,63U
20,861
55.122
9,01*5
23,21*6
33.829
71*,
9,592
7,015
llt,ii57
8,060
7.351
2,81"
10,321
12,687
l*,76l
26.856
25,213
11,530
11,250
21,771
13,575
35,929
52,215
76.51*8
131,1*00
28,795
9,381
26,617
18,751
2.807
5.087
10.039
3.157
52,0118
I2.OI15
12)551*
llt!751
Uo,9i'0
3,571
16,519
,
I
25,983
1*3,515
1U,252
8,1*05
19,625
2'*,l*«5
12,297
20,168
20,550
9,791
1*,302
16,630
38,257
25.996
60,670
157
95,01*8
52,193
37.573
8,91*1
35.l't5
ll*,8l5
1I1.200
8,01U
3,029
21*,
5,095
10,567
28,807
2,121
1,912
1*,706
5,5''5
l*.7l*7
2,991*
567
565
627
32,722
2,012
1.76''
2.656
1,025
i,uiio
''15.338
2lt,3l''
25,1*26
1,336
28,307
l,U65
21,'*97
27.990
2.555
1,225
1,300
1.623
25.752
1.092
65.537
8,138
2,656
gU,6lU
121,785
30.398
11.317
68,902
5,526
l,U6l
67.927
7,157
67,337
7.281
l,U3i4
1,1*68
7,970
9,822
177
ltlt,309
52,65''
116,9''S
59,578
1*3.558
6,608
9,283
7,672
9,286
28.783
29,055
5,1*02
71.091
15.551
16,571
106, 3U3
135, 26U
59,912
5,395
7,6U3
52,523
3.506
56,156
3,698
U,217
76,1*95
5. ''99
l'*7.6U6
115,018
2,261l
91.1*58
11,231
6.621
l'i,'»17
2,008
7,365
23.792
1.962
7.991
26,190
7,181*
39, ''87
10,099
26,586
105,358
20,696
1,625
7.535
22,255
1,60U
7,982
20.791
63.'*55
23.957
7^,871
3.19''
1,0110
3.522
862
'',835
11,0'*2
l,60li
2.516
6.207
9,080
11,090
13.53'*
l,6in
17,862
021
56.U71
6I15
7,118
2.655
766
9,828
257,729
92,197
15.333
11,280
13.891*
16.958
51.125
5,805
ll,ll09
'*,9«9
13,086
1,181
23,860
8,760
18,870
1,779
''5.195
2''8,280
17,085
6,308
13.7'«
1.529
10.129
878
281*
5''1
593
l.SUl
592
6.U62
157
558
528
li85
11.006
ii,9'io
>«.795
1.7''6
2. ''35
lt09
598
29
W15
10
South Dakota
Tennessee
Texas
33.171
100,530
306,265
53.813
1U7,296
159.752
60,858
76,05«
i'9U,995
56.357
18,819
189,563
23.769
6.960
7,135
58,110
8,931
958
5,23''
111,925
8.635
60,766
12,867
111, ''81
13.782
''98
651
766
'',862
5.9''6
'',800
322
36
312
10
"65
79
2''2,271
11,198
I*.
69
7
59
58
58. ''95
26
155
+225,856
23,585
78,5'i6
8,271,275 11,819,7'»2
665,293
l,08li,637
6,go6
8.9'
6,9110
uu.sos
1*6.1*02
3,'i6o
3.55't
5.765
5.958
I
6.99'*
2,555
6,969
15,802
25.516
9,202
21,155
UU,
1*1*2
9,1*51
2,296
12,696
7.7U2
1,620
"is.
959
5. ''06
8,785
20,815
35,817
10,7'tl*l
l»,
17,
7,105
1,290
l',856
21,21*6
5.6'*1
'*,'*18
2.756
U93
576
3.017
6.529
1,812
1.569
1*11,085
67.5911
l',650
22,71*1*
2kM5
5.527
1.07'*
21.01*6
1,091*
1,075
l,U2!t|
127.955
21U.362
58,011
U,697
999
70,852
7,195
1.315
71.31*21
35.0U0
U,5U7
5,937
57,527
5,906
7,379
1*2,
126,273
10,286
39,068
1*7,888
''9.3'*3
2,1*17
5,725
5.21*0
5,125
13.1*52
2,1*87
'*.937
I*.
l*,08li
8.22'*
1,182
5.516
16.019
1,'*95
1.739
7.775
5.7901
7.912
7.386
13.852
25,03''
22,290
28,058
7.365
20.355
3.655
7,880
1.7551
132
7.106
538
21.1*51
2,1176
2,'*71
7U6
10,856
10,571*
10,1*63
1.590
687
6.385
9I8
1,9''7
)«,927
5'*,
27,579
9.569
58,856
15.569
15.99'*
11,089
15.799
5.977
10.768
12.71*5
?g,70l*
'*'*,158
U,0l6
9.915
U,790
12,970
13, 1*30
9'*l
1,0119
2.251*
1*,072
639
9'*9
966
317
555
869
657
5.050
903
822
l,lU9
7,200
590
552
309
529
U,965
2.1*69
15
11
129
15
U5g
18
5.069
321
5
'12
29,091* 111,052 19.0011
5,161*
789
3
11
912
6,201
^1
12
20
-161*,120
2,102,5'*5 575.771* 605,709 62li,255 1.3''9.79l* 1,686,509 1*99.357
(Continued on following page)
5,050
1U6
i
''.833
10,261l
6
l'*,561*
'i,o£«
ll*.21l*
7,830
16,098
1.523
111,021
5,987
l«l
l.9'*o
8,220
1.850
10.919
1,1*08
8,616
1,292
5.7'*'*
38,657
6,505
10.870
3'».3''9
63.62U
1.383
2.199
5,281
639
857, '«30
Total
6,952
8.957
3.911*
12.1*08
5,050
693
626,051
53.748
53, '01
Adjustment to
Dally Treasury
Stetement
1.572
7.706
8,326
29,<)i'7
10,620
13. '•68
Pennsylvania
Rhode Island
South Carolina...
Unallocated
7.877
150, U61
2,0''6
't.338
1.556
S,6ii«
5,81*9
11,850
3,979
52,791
55.230
128,079
61,066
5,U22
203
1,582
U,U26
2i»,986
9.051
1.979
50.733
39, '•32
7,397
3,610
23.267
7.856
12,0l'l
71''.
Alaska
Canal Zone
Hawaii
Puerto Rico
Virgin Islands...
Other Dossesslone
3.m
15.991
111.592
7.69'!
8,127
12,095
3.155
15.536
6U.583
172,650
17,313
1.391
7.871
8.586
1.57'*
5.''«3
2Uq,Q62
82,588
283,681
163,92''
56.W17
5.725
12,269
51,600
2,809
10,516
'*.000
l»,205
179,108
52.870
195. S68
506, 36U
82, IU3
107,67''
Washington
"est Virginia
Wisconsin
Wyoming
165,595
13,620
33,522
l*.557
6,751
1,829
3,100
29.''''6
23, ''67
''0,US9
l'',175
96.211
10,011
25.159
1*1,301*
13.097
2.551
23,069
152,566
390,986
688,159
116, ''59
55.636
1.1*12
2,739
log, 6olt
Ohio
Utah
Vermont
Virginia
''5.970
5,861*
7.272
a.ozU
25.560
7.765
10,699
5.055
''.555
8.9'»7
11, ''19
280,091
^81,637
25,787
303,807
17,28U
182,9'tO
17. ''60
1*1,595
1U.3U3
8,107
2.096
3.71a
11.237
7.269
3.595
9,015
7,111
2,098
5.057
1,802
S.516
8,067
5U,99''
'i,85l'i
5,699
2,075
2,879
7.698
19.502
127.956
1U1,106
991.988
113,869
Ore^n
6.699
755,362
New York
North Carolina...
North Dakota
Oklalioma
1,563
8, ''05
l'',557
87,607
9U,9io
37,361
72,211
11.U66
.
I9UU
191*3
•17.'*6«
-6.703 +107.106
806,817
January
1945
39
Sales of United States Savings Bonds
(Continued)
-
Table 3.- Sales, by Series, to Investors Other than Commercial Banks, Classified by States
FART B - SEaiSa F AND
- (Continued)
CONBINKS
(In thotiaandf of dollars at liaoe prloaa)
19U}
FlBcal year
I9U3
iguu
AlabajDa
32,007
Arizona
Arkaneaa
30.156
9.U5O
17.831
21*9
16.578
258.108
30,678
6U.U37
10.306
29.761
8,1*21
22U, 1U5
29,7't6
California
Colorado..
Connecticut
81,128
Delaware
Diet, of
ColumMa
Florida
Oeorgla
Idaho
Illinola
12,326
33.757
36,705
1*0,1*36
Hlnneeota
Mlielssippi
Mleeourl
69,692
21,812
8U,266
69.836
22.296
91.689
Montana
Nebraska
Nevada
30,UlU
13.550
39.339
3.630
252
U,U1*1
New Eaapahlre.
Nev Jersey
New Mexico
...
Hew Tork
North Carolina.
North Dakota
lU,l403
118,761
7,025
627,986
.
UI1.65U
11*. 563
106.839
6.503
1*72.310
1*2,263
8.887
31.371*
31*, 81*0
5,1*06
i*,050
671*
2.215
u,28e
7,706
9.365
822
2.1*59
6,2U6
7.932
632
1.576
8.070
11,1*91*
8.823
1,231
2,600
2,106
1.91"*
1(01
UU3
386
2.068
1*56
1.205
1,801*
302
382
U,681
3.580
1,660
5,028
8,317
1.083
1,580
U,276
5,359
3.517
6.276
566
78?
1,680
3.509
1,012
25.797
8,723
1,101
l,2l«6
178
10,752
5.5W*
1,183
27,872
it,ii*9
13.51*2
1.506
304
10,605
1,1*27
191*
1*7,1*07
27.6U5
ISO
9.156
8,706
10,030
5.286
ll*,013
3.7to
U.6?0
5.'i'*l
u.zfio
8.370
1,818
2.307
7,31'*
l*,7l*9
2,932
2,5U1
1,473
2,299
15.>*71
2,1*50
1,1*35
2,011
2,152
897
8,117
6.557
6,210
3,706
1.697
1.268
2.U16
1,322
785
7,388
5,739
2.353
i*,l69
1.350
1,286
393
l,i*o6
1,123
2,335
5,198
1,781
m
2.738
7,288
t.332
2,720
532
5,068
2.663
380
33,1*08
1*3.51*8
3,709
2,1*62
11,1*11
581
1,021
1,701
1*22
1, 21*5
1,1*15
1.615
829
1,06U
52.'t93
11*7,625
10l*.768
51*.
17't,999
U72
9,868
1,276
9.257
1.039
1,1*31
106,363
. .
538
11.765
979
3,367
2.352
'»3,755
lA,ii6l
332
600
38.952
20,591
Kentucky
Loolslana
Maine
2.9'*0
1*23
2,W2
1*7,1*1*2
82,311
106,397
1*1*. 903
l.'t?7
1*71
5,829
1.928
2,1*311
1.61*1
79,52U
71,U32
3"*, 897
282
6U5
228
78U
VI
69U
3.399
755
311
3,002
1.596
Indiana
lova
Eaneao
Mar
1.095
370
385
1,916
7.630
236.291
Maryland
Massacbueetts.
Michigan
666
1*1*3
2.325
292
10.535
1*1.958
37,831
8,031
272,112
20,2U5
191*
Tab.
It,
1,560
1,380
£12
lt,129
t,369
1.099
826
1.108
1.868
61*7
2,762
5.573
3.362
7,325
31,252
11,217
8,378
25.356
U,300
2,286
660
3,539
2,567
5U6
10,550
11,952
3,625
2,231*
3,301*
2.71*6
12,896
13,11*1*
l*.970
299
92s
2,108
U.I79
2,112
8.177
750
356
2.153
190
2,
7,551*
51s
559
1*26
5.099
'.053
lOU
158
16,735
1,693
6U5
17.921*
8,935
851
955
8.1*32
1,1*23
1.532
U27
20,21*9
5UI
68,129
6,050
1,926
96,018
5,911
28,030
3,195
5.173
26,711
3,771
32.850
2,318
3,06U
28,1*82
529
1.352
2,297
287
273
2.957
1.277
1.368
7.200
1.032
1.6U5
7.588
255
1.267
2.130
280
8,393
8.026
51.399
Washington
Vest Virginia. ...
Wisconsin
Wyoming
"6.753
17,905
86,336
6,010
56.253
19,552
93,192
6,032
1.831
Alaska
Canal Zone
Hawaii
Puerto El CO
Virgin Islands...
Other possessions
1.297
I.8U3
17.367
3,010
1.316
1.825
10,522
3.982
5o6
1
1*18
31
28
211*
70
657
13
Unallocated
Adjustment to
Dally Treasury
Stetement
Total
Source:
1*09
3.319.71*7
198
985
1,051*
7.269
2.203
3.61U
9.5211
2,668
16,799
2,065
866
3.625
291
11*5
569
1,1*57
1*16
72
55
lUl
2U6
666
16U
195
112
181
9?
151*
9,321*
2,081*
UU7
l,6o(
2,696
317
220
1,61*8
2,126
966
3.8O9
306
8OI*
571
125.U59
(l) Total sales:
Dally Treasury Statements:
Reports of gross sales.
13,1*69
1,121
'1.591
2.147
3,065
2,181
2,1*98
2,37'*
2,186
5,068
19,557
10,783
127
307
1.937
1.231
1.029
7.221
523
1,510
1,698
1,666
213
231
1,662
l.J"*!
1.308
105
2,911
170
2.007
l,Ull*
5.6^6
2.063
11,61*8
1.201*
129
216
275
673
1.5^
ll*0
1,281*
502
133
^^
1.1*70
665
1.072
2,71*9
19
33
619
632
11.768
13.901
663
155
789
931
276
381
658
65U
3.108
2, 1*71*
171*
77
60
1*0
17
UOO
259
370
27
231
5
19
-1U.255
+l*,il*5
-12,526
17.25U
l*,269
+2,1*25
1*20,728
12U,177
l*15,6U5
1*02,1*77
100.677
100,277
(2) Sales by State
397
1,067
2.793
1,11*2
7.:-'*7
52I*
3.117
255
1.125
2.831
5.2'»3
3,'*97
99
2U.381
3.517.351*
2,271
930
3.1*92
1.157
U7U
7,733
9,680
1,012
960
5,200
1.1*76
3.1*89
7.501*
7,060
771
5«o
7,893
6,0l*8
7,l*7l»
U.669
U99
780
3.337
3.298
23,21*2
53.701
5.710
'•3.976
l*.7lt5
Tlrglnia
7,U30
660
852
3,623
3,929
3,1*10
8U
13.201
7eiinont
15.992
1,400
397
1.259
1,831*
Utah
128
12.569
1,420
377
1*,302
3,955
1.350
217
12,685
1,087
U69
611
51U
1.556
2,850
3IU
458
3,086
881*
13,222
39,186
117.537
10,Ui6
39,llt0
613
3.158
116
21.893
3,olt6
1.7'«
379
2.670
1.796
22,31*1
31,108
3,036
s.ogi*
158
8,816
656
1,1*85
u.uiu
3.776
356
1.220
9.957
72I*
1.707
'1,153
57
8,565
722
1,005
10,21*0
1.150
462
277
1,133
59.856
1.031*
1.126
235
8.221
691*
51.251
5.885
2,890
10,233
1.078
226
1,321
U.96U
13.960
1,603
3tl
251,120
20,628
21,988
i.ai
7,l4gl*
2.337
17,629
1,739
537
297.'t30
30,U2l»
1.364
1.751
588
2.028
19.585
1.580
477
Pennsylvania
Bhode Island
South Carolina...
1,906
3.560
2.732
}^
2,600
7,866
1,768
13.295
919
2,75"*
79>t
767
9.31*5
3.693
151
155
25"*
9.912
3.800
15,806
313
978
110.993
5.759
15.1*69
12,121*
2,671
1*73
11*.
Tens
7,021*
ll*,080
5,21*1
3.891
191*.
South Dakota
Tennessee
1*.083
U,U36
2.617
17.887
27 1*
52I*
10,937
21,712
62U
ll«,28l*
1.623
56
t5
''.173
203,827
25.095
32,892
1,026
1,181*
I0,2l*6
1*82
3,50Si
5i*«
U,112
3.615
1.572
3.851
1.965
19.326
1,267
3,111
12,607
Ohio
Oklahoma
Oregon
26.042
29.326
1.271*
81*6
Frelioinary.
Less than (500.
95.867
4o
Treasury Bulletin
Participation In Payroll Savings Plans for United States Savings Bonds-^
1^5
Janumy
hi
Sales of Treasury Savings Notes^
-
(Continued)
Table 1*- Summary of Sales and RedemptlonSt by Series
(Par Tal\iai -
-
(Continued)
bIIHobb of dollari)
Bed«i[ptloni and •xchangas
laoimt
oat standing
end of
fitoal j^Kt
or Bonth
Set otauce
duriac
fiscal y«ar
or oo&th
i/
SorlM B
EecelTod
Ixchea^d
la payBtfnt
of taxot
for
n«w serloa
U/
19Ua
19U3
2.959.7
+2.959.7
-2.195-0
19A
22.1
-7't2.6
7112.6
1,087.1
2.933.3
721.2
306.6
-IU.8
-17«.0
1U.8
17S-0
lU.Q
171.6
18.9
53.2
lU.3
9.6
51.5
8.U
5.6
12.0
11.3
19U3-HoTeal>er.
OoooBber..
122.69
Hareh
ItS.l
-18.9
-i.h
-53.2
J^rll
H«y
Jnaa
39.7
3U.I
22.1
-5.6
-12.0
Jtil7
3«pt«Dbar.
19.1
17.9
13.6
-J.O
-1.2
-U.3
Ootobar...
RoTaabar..
12.7
12.5
19Ult-Jairaar]r.
An^et
.
.
.
.
109.7
101.3
U.066.7
i«77.1
8.1t
*A
Serlas
1,107.0
3.072.1
J/
6,U6lt.O
'•'6,ll6U.O
7.5lt6.7
19IW
9.W7.7
2.983.8
8.953.7
19U3-HoTaBl)er..
Daoeabar.
8,797.0
8,302.0
+185.8
-U95.O
1,082.7
5.969.9
1,01*7.2
35.6
5.507.9
i*6a.o
330.2
U36.8
lUlt.l*
931-8
106.7
868.9
37.7
62.9
285.1
178.7
1.325.0
251*. 3
132.9
1.275.5
30.9
U5.8
-
9.233-0
+931.0
i.a6.i
Tabroary.
10.071.1(
+838.1*
8.98U.5
-1,086.9
1,P17.1
238.1
8.971.3
8,931.6
11*5.1
312.9
185.0
9M7.7
-13.2
-39.9
5l6.lt
1,922.3
1.1*05.9
9.893.0
+W5.2
665.5
March
iprll
May
Jona
July
9,923.'<
+30.
Saptambar.
9.023.8
-899.6
Oetobar...
VoTaaber.
8,976.U
9,892.0
-U7.3
+915.6
jka^uat
Sourca:
•
1/
2/
^
.
. .
Daily Traasozy Stataaenta.
Laaa than $50,000.
Ihaaa sotas vara originally daalgsad to halp taxpayara aat aolda
fundi vlth which to pay taxea and vera tmown at Traaeory tax aaTSarlaa A notea vara dealguad for the aoall and modarIngi notaa.
ata taxpayer; Sarlaa B and Sarlaa C notaa vara Intended for the
large taxpayer. Vhan the collection of taxea through vlthholding
at the aource conmenoed, the need for Serlea A tax e&TlDge notea
dlaappaarad and their aale waa dlecontlnoed. Redeioptlon prorlalona
on Sarlee A notea vere relaxed to proTlde for the payment of InterSale
eat on notes thereafter redeemed for caeh (aee footnote 3).
of Serlea C notae, which ware designed for the InTeetnent of Idle
caeh raaerree ae veil as for the accoaalatlon of tax reserres, vas
continued and the notes were designated Treasury savings notes.
Includes natured Treasury sarlngs notes.
Series A notes, which vere sold from August 1, 19UI throu^ June 22,
Through June 22, 19l*3.
191*3, yield ^proiiaately 1.92)t per annum.
the notes could be redeemed for caeh only at the original purchase
price; since that data, the notes hare been redeemed for cash at
H.6
-1.2
3.0
1.2
191*3
19Ul(-JainuJT.
19.9
70.6
21.5
299.7
220.2
171.0
1,181..
27l*.9
11*7.3
l.33lt.2
IS3.6
11*8.1
I.IJS.U
1*9.6
38.1
37.7
71.7
36.6
22.9
22.9
180.
29-3
1,081.7
1*1.9
(See
the tax payment value current at the time of presentation.
Prior to October U. 191*3, the maximum amount
al.ao footnote 1.)
i^lch could be used in payment of each claas of tax (income, estate,
or gift) by each taxpayer during each tax&ble year was limited to
$5<000 par value; this lltnltatlon was removed as of that date.
Series B sotee were eold from Augunt 1, 191*1 thnragh September 12,
191*2, to yield approximately O.ltS^ per annua.
The amount which may
be turned in on taxes 1» unlimited. The notes may be redeemed for
cash only at the original purchase price.
Series C notes went on sale September 11*, 19l*2.
Intereet accrues
each month on a graduated scale (see "Treaeuzy Bulletin" for Anguat
191*3. pege U) to ylald approxliaately 1.07^ per annum If held to
maturity. These notes may be used in payr.ent of Federal taxes at
the amount which may
any time two months after the date of Issue,
be turned in on taxes Is unlimited.
The notes may be redeemed for
cash six months after the date of Issue at the tax payment value
current at the time of presentation. Prior to July 27, 19l*3.
notice of 30 days wae required for caeh redemption. See also footnote 1.
Treasury Bulletin
^2
Sales of Treasury Savings Notes
-
(Continued)
Table 2.- Sales of Series C Notes, Classified by Denomination^
Fiscal year
or Eonth
January
1^5
^3
Sales of United States Savings Stamps
Table 1.- Sumnary of Sales and Redemptions
(In thouaandt of dollars)
Aatount
outttandiog
•nd of
flacal year
or month 1/
Tot*l
5.29't
S-lUS
6,087
9U3
166. 3Ul
>l6l,Oll8
308.621
11*7.571*
213.350
196,518
Us, 620
590,268 1/
U08,930
I9U3- Ho Temper.
Deceaber.
202. UI5
203, 06U
U.1.73
6U9
39,565
"3,585
19l»lt-Jaauary.
2OU.906
200.577
195.821
l,8lt2
37,'*5l
-'1,329
3U.993
-U,755
110,029
196. 1»U
582
35.717
19«.'I07
2.003
30, flu;
196,518
-1,889
JiUy
180,399
-16.119
lu^it ....
167, fes
-12, 97'!
Septenber.
168,253
828
175.199
180,587
5,388
^5^^
^usT-"^'
^'^ ]A\i«. 19Ul-Juae
,••
19U2..
19«3.
Pebruary.
March. . .
April.
May...
June.
Source:
1/
2/
6/ 1/
-16,832
6,91*5
Sxchao^ed for
United States
•aTlag*
booit 2/
,5/
Xxchan^ed for
United Statea
eavtn«s
oonda 2/
Oaieb
2/
100.0
100.0
100.0
100.0
100.0
I
18.1*6? 5/
61*7
It7l*,l68
70,1*80
1*25,762
352.632
73.130
35.091
28,51*3
6,51*8
1*2.937
33,896
9.01)0
35.610
39.322
Wt,78U
30.027
33.625
35. 786
5,582
5,698
9,000
100.0
100.0
100.0
22,696
35.131*
28,7'»5
2lt,58U
28.261
23,055
20.77»
6.873
5.690
3.811
100.0
100.0
100.0
81*.
16,566
23,138
18.898
32,685
36,112
18.070
27,553
27.996
5.13^
8.116
3.896
100.0
100.0
100.0
8U.3
77.5
78.U
214,679
23,91*6
17,731*
13,316
18,558
l'*,929
51*1*,
Dally Treaeury Statements commencing HoTestoer 1, 19U2; prior
thereto. Poet Office Department.
Plguree for periods prior to Novemlior 1, igUs are not strictly comparalile with subsequent data because of the shift to a Dslly Treasury Statement basis. Stamps sold prior to October 1« I9U2 were
Icnovn as postal savings stamps and were obligations of the Postal
Savings System but eubsoquantly became public debt obligtttlons.
Estimated on the basis of samples conducted by the Post Office Department
Seles and redemptions commence vlth May 1. I9UI when the special
defense series of stamps went on sale* The amount of the old se-
ll*,175
5/
Caeh
2/
1
87.5
127,91*8
12.6 5/
12.9 5/
17.2
81.
78.9
81*.
85.5
79.9
19.6
19.8
15.5
80.1*
80.2
22.1
3.
3. >28
19.6
ries of postal SATingB stamps outstanding on April yi, 19U1 was
$1^ thousands.
Details not arallablo for Kay. Juno, and July I9U1.
Inclisdes minor amounts which wore exchanged for postal saTiags certificates. These aggregated $123 tbouaaads for the period An^st 1.
I9UI through June 30. 19^ And $5^ thousands for the period July 1.
19U2 through October 3I. 19U2,
Net of sales less redemption.
See footnote 1.
Does not include amounts transferred from Postal Sarlngs System to
the Treasury to corer outstanding stamps.
.
J/
Percentage dlatrlbutlon
of redeaptione
Bftdenq;>tlona
B«t ohange
duria£
fiscal year
or BODth 1/
Table 2.- Sales, Classified by Denomination
Fereenta^e dl.trtbatlon of lalea
Sales in thouaaads of dollars
Denoid nation
denominatloni
10^
19U2.
19U3.
6,087
308,621
590.268
126,327
191*1*.
191*1.
1*00
67,1*66
1*08,930
102, 531*
191*3- SoTamber.
39,565
10,1*1*3
December.
1*3.585
11,235
19W*-Jani>ar7..
37,1*51
3l*,993
11,150
10,511
029
11,171*
Tobruary.
March
1*0.
25^
Total
all
denomlnatlone
50^
1,012
28,6lU
52,508
32,611
1,130
31.583
71.693
13,250
1*6.972
17,691
20,330
22,129
2,987
3,187
U,itU6
5.038
1.359
1.997
19.072
17,799
20,227
2,51*1
3.1*85
1.203
2.363
3.132
3.371
'*,167
18,187
15.878
11,808
2,768
U.ISO
8.1*37
2,1*38
3,721*
16.6
9.3
53.1
51.1
8.9
25.1
51.1*
50.8
950
1.330
30.0
?7.9
3,027
1.183
1.122
987
100.0
100.0
100.0
26.5
2U.7
19.6
50.9
51.6
52.0
702
1,182
779
100.0
100.0
100.0
22.5
15.6
20.7
50.5
8U8
863
9,1*58
30,71*8
7,588
U,U36
July
Aucuat....
September.
16,566
23,138
18,898
3,731
3.600
3,909
8,370
1,1*61*
12,1*05
9,990
2,293
1,658
2,298
3,658
2,563
2l*,679
6.636
6,928
12,516
11,581
1.892
1,813
2,786
2,761
23, 91*6
1*U.2
5i».3
21.>t
26,U
25.8
26.9
28.9
»5.oo
50^
6.6
21.9
10.9
50.1
50.6
35.717
Sally Treasury Statements conoenclnc HoTember 1.
191*2; prior thereto Post Office Department; (2) Distribution by
denominations: Based upon Post Office Department data.
100.0
100.0
100.0
100.0
29.8
22.696
(1) Total tales:
26,01*8
25^
100.0
100.0
100.0
iprll.
May...
June.
Source:
85I*
2,691
167,709
313,691
209,121
Senoni nation
10^
8.0
18.6
10.2
12.2
11.5
7.6
7.3
11.2
11.5
6.8
6.8
'?
7.8
10.1*
7.8
7.9
10i7
11.5
12.1
13-3
3.3
13.9
15.8
13.6
U.3
5.1
11.3
11.5
'•^
3.6
53.6
52.8
7.7
7.6
9.6
11*.
i».3
l\
3.2
2.7
3.3
li
i*.l
kk
OWNERSHIP
OF
GOVERNMENT
Treasury Bulletin
SECURITIES
January
1^5
^5
Summary Distribution by Classes of Holders of Interest-BearluK Securities Issued
by United States Government and Guaranteed oy Unltea states
(In mllllona of dollsTB)
Secarltles loBaed
I17
Oilted States OoTamment
IHatrlbutton
^ classes
Securltlee guaranteed ly United States 1/
of holders
DistrilTutloa by closBee of holders
U.
.
Snd of flioal
year or month
lotal
amount
outstanding
S
.
32.989
JS.tOO
36.576
39.886
IJMO
ISUl
19lttr.....
19U3-»T.
>e.376
"8.387
71.968
135.380
199. S^S
l6it,781
Sm..
IjUU-Ju.
l£U,508
Private
investors
Total
amount
2/
unmatured
outstandlog
Total
PubUo
public and market-
19J5
1936
1937
193«
1939
Federal
Be serve
Banks
Ooverzunent
agencies and
trust funds
Putllo
non-
spool al
alile
merketal)le
ISBUAS
t>BU«S
Ismea
1.656
1.965
3.251
U.U67
5.605
1,023
1.339
1.693
1.791
1.835
6,803
8,82;
2,088
2,10U
10,3110
li»,09l
2,1»;2
PaliUe
maxketalile
laanss
l.55f
2.676
3.770
15,775
6,120
7,885
10,871
18,920
l'*,287
Total
pdbllo
l8n»0
PuMic
markotal)le
23.556
23,U9l»
2.U30
2.526
2,56U
2.551
28.59»*
27.333
2«,g35
87.989
29.579
2,u;s
2, ISO
33.115
37.982
58.988
2,6ltO
30.023
29.5"5
31.730
29.950
62
1,261
1,188
1.556
2,151
1*.123
l»,71g
30b
it,665
363
325
3,166
H.853
II.55U
It
13.507
i*,5i*9
".092
1.516
8tt,9lt<
165.725
120, UO
22:i2'5
138, U51
136.
>.5'*5
101,863
99.978
36.588
36.567
U,l5i*
110.583
111.911
<*2.36l
1*1.752
1*.287
8.898
152,1*30
12,278
12,703
10,272
18.873
11.985
11.5"5
"*.057
13.507
18,
11,1*60
195
205
i*,269
1*95
3,1*92
570
539
3.378
1.537
191
188
175
986
176
176
I.U97
1.18}
1,186
168
163
150
1,187
1,187
1,187
277
28U
289
1.189
1,189P
287
277
17.767
18.195
18,920
U,o6o
13.697
13.216
110.161*
>t2,269
i»,06i»
lit, 122
ll*.8l*7
1S2.>*32
109. 718
1*2.711*
".623
1",287
l>*.899
165.725
180,880
1*1*.
81*9
8,898
1.589
1.516
807.117
808.289
807.850
19.586
20,079
20.575
4.615
U,608
U.588
1^,961
15. (£1
15.976
1>*,918
172.619
1,1*68
172.>407
189.398
18U,803
1*7.227
1!.»3
1*7.
16,691
170,625
183,>*83
60U
U7.1U8
1.1*75
1.1*80
808.608
80,78U
l«,605
U,602p
17.8*5
18,386
182.759
182,196
U7.1*20
i*8,998p
1.1*89
21,19>»I>
16,170
16,583
170,17?
ao,77U
foXj.
Jut..
8fp«.
Oot..
BOT..
Bouroci
p
*
lOp
(1) Total uounti outittBdlii(i
Iklly Irtaiury Stttantti
^' 8. Oorenaent aceselei and trust fundi)
(2) SMurltlM hell
rtporti of the iceaolte ud asaouati with the Iraaiui7i (3) 8aou>
rltlaa hall bj Tadaral Xasam laskii Tadtral laaarr* Igritam.
yrallmlnatyi
laii thaa $900,000,
V
171.
W
1/
Z/
1*,262
3.1*95
3.1*95
18Ui87U
199. 5U3
J\iu>
5.811
6,085
l^
16,663
17.280
17.573
Jvr..
287
275
287
U,825
H3.3H8
99.'*9l
5.161*
68
150
167.OU3
111.709
Ul
U,52g
3.738
1.186
hb..
IM
1*.302
176
lUr..
13.
2/
5:^1
5.1*50
llU,ll*l
3.773
3.793
Private
Investors
Public
Public
marketnonmarketable
marketable able
ISBUAS
Issues
Issues
7,11*9
li»,899
16,058
16,503
Oovemment
PubUc
Public
nonmarkotablfl
Issuofl
2.>t33
S.
agenolee and
trust funds and
Tedaral Resenre
Banks
I.U70
"5
liolQdas matured saourltlai. and ehllcatlene held bjr tha Treasury.
Tha total amount of laourltlas held by private Investors la oaleulatad by dadustlac from tha total amount of aaaurltlas outstanding,
tha iaeurltlea held by H. 8. Oovammaat aganolas and trust funds
and by Tadaral Isiarva Banks.
Treasury Bulletin
14.6
Estimated Ownership of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(Far values 1/ - 1&
End of
month
MUionB
of dollare)
January
1^45
^7
Treasury Survey of Oimershlp of Securities Issued or Guaranteed by the United States,
October 31. 1044
The following tablee present aunnary
data as of Ootober Jl, 19IA from the
Treasury Survey of Ownership of Seourltles
Issued or Ouaranteed by the United atatss.
The banks and Insuranoe oompanlee tiovared
Table 1.- Sumnary:
In the surrey account for approximately 95
percent of the amount of such seourltles
owned by all boiks and Insurance companies
In the United States.
All Interest -Bearing Securities
(Is clllioiu of dollars)
U
8
8
.•
Treasury Bulletin
^s
Guaranteed by the United States,
Treaeury Survey of Ownership of Securities Issued or
October 31, 1944 - (Ck»ntlnued)
Table 2.- Public Marketable Interest-Bearing Securities
PART A
-
Held
Total
amount
ClasElflcatlon
outstanding
Ijy
T.agi
commercial
35
stock
earlc^B
%ankB
5U2
mutual
BaTlnge
banks
315
Ufa
Inaurance
of security!
Securities issued by United States
IS
11.0
20.2
^^•?
55-6
Treasury bills
Certificates of indebtednees.
Treasury notes
Treasury bonde
Postal saTinge and other bonds
Guaranteed by United States 2j •
.1
.g
•
U.8
23-9
18.8
51.0
8.0
8.
82.7
2.9
U.l
92.7
3-'»
92.5
1-5
100.
Total
Call classes!
Due or first becoming cnllable
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
Orer 20 years
Various (Tederal Bousing Administration debenttires)
36.7
13.2
23.lt
6.7
7.0
8.0
35.9
27.6
30.1
3-7
1.2
1-5
9.3
11.0
29.3
27.5
10. u
12.5
it.o
10.5
37.U
21.
16.
9.S
5.6
9.3
20.3
12.3
25.7
26.3
.1
Total
TaJ-oxemption proTlsions: U/
Wholly exempt from Federal income taxes...
Partially exempt from Tederal income taxes
Subject to Tederal income taxes
.6
.3
16.U
83.0
a.i
78.6
9U.6
IU.5
85.5
Total.
Percentage distribution by groups of InTsstors
Types of security!
Securities Issued by United States
Treaeitry bills
Certificates of Indebtedness..
Treaauiy notes
Treaeury bonds
Postal savings and other bonds
Ouarantsed by United States i/ •
•
•
•
Totea
Call classes!
'Jue or first becoming callable
Within
1 to 5
(Continued)
Surrey
banks 1/ and tnmu-ancs companiee coTered In Traamiry
9U2 Insurance companies
Percentaee distribution by classes of securities
^
-
CLASSES,
ANALYSIS OF OWNERSHIP BY TYPES OF SECURITY, BY CALL
AND BY TAX-EXEMPTION PROVISIONS-! Continued)
1 year
years
5 to 10 years
10 to 15 years
15 to 20 years
Oror ao years
Various (Tederal Housing Administration debentures)
Total
Tax-exemption provisions: U/
Wholly exempt from Tederal income taxes
Partially exempt from Tederal income taxes
Subject to Tederal income taxes
100.0
January
1^5
1*9
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United Statesi
October 31, 1044 - (Contlimed)
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
-
(Continued)
DISTRIBUTION OF OWNERSHIP FOR EACH I3SUE OUTBTANDINO
(Per TsIueB - In mllllona of dDllars)
Held by bashs 1/ sad Imnu-anoe eflopaalea ooTered In Treasuz7
9am7
Eald 17
U. S.
(Tax statu! Is shovn In parentheses 1^)
Total
amount
outstanding
9lie
35
cooBar-
dal
lanks 2/
Trcaaory bills
5U2
Dutual
315
Ufa
BKTla^
inaaraaca
conpenles
ttaitabla)
Certificates of lodebt ednass
\')Vl^
December
tTS
19Ui5
february
7/«<
April
l?!^
lift
7/»<
7/8<
7/8<
May
JuB«
August
llUs
7/1!*
September
October
IS^
7/«l
etoolc
BftTln^
banka
inaurance coapaalea
19lw;
W'*?
igliS
taxable)
(taxable)
(taxable)
3.5U0
5.0U8
u,«7r
2,20U
2.217
3.OIS
(taxable)
(taxable)
(taxable)
1.61s
U.770
2.511
1,136
705
I.65U
(taxable)
(taxable)
3.69U
3.U92
{
Total certificates of Icdebtedoess
Treasury notes
Mireh
790*
3/U<
March
l-l/ll« March
ig^
Vi^
I9U5
3/U<
1«
1-1/2*
December
March
Decembur
19'«
1-1/lt*
March
Beptember
Saptaaber
19'»7
1-1/2*
1-1/2*
19'>€
I9U6
19''7
19'H
(taxable)
(wholly)
(taxable)
2.127
1,606
l.UlJ
161
1.155
(taxable)
(taxable)
(taxable)
531
1.291
3.261
358
89U
2.523
29
(taxable)
taxable)
(taxable)
I.9U8
2.707
3.7U8
537
296
2.23''
(
Total Traaaory notea
Treasury bonds
SjC
Ojcember
2-3/lt* September
2-1/2* Seoember
19Wu';U
l9'W-''7
\'i'>',
Maroh
June
June
19>t6-56
3-l/g<
U-l/U*
2*
2*
October
December
March
19'l7-52
2-3/U*
l-3/U<
2-1/2*
March
June
September
iqUg-Sl
2*
2*
2*
December
June
September
19M-W
J.-l/U*
3*
iqU6-Ug
IQliS-liO
19I17
iqUS-^
19''8
iqUg
iqliq-?!
19''9-51
718
17.936
(partially)
(partially)
(partially)
1.037
1.21U
5U1
(partially)
(partially)
(partially)
US9
1.036
819
(partially)
(partially)
(taxable)
(partially)
(taxable)
(partially)
(partially)
(taxable)
(taxable)
1.223
3.062
^1
i.oiu
1.292
706
950
2-1/2*
December
December
Oeeeaber
19U9-51
(taxable)
19U9-52
(partially)
19U9-S3. ... .(partially)
2.098
U91
1.786
I.U37
30U
1,199
2*
2*
2-1/2*
March
September
September
19S0-^2
( taxable)
( taxable)
(partially)
1.963
U.939
1,186
1.U52
2,673
9U3
2-3/U*
June
September
September
l9'51-5'»
(partially)
( taxable)
(partially)
1,627
7,986
1,0U7
U,51g
December
December
March
19<il-55
19'i2-')'»
2*
June
June
Juno
2-1/U*
2.7/«*
2-1/2*
June
March
March
195''-';6
2-1/U*
2-3/U*
2-3/U*
September
Septenber
June
1956-59
2-3/U*
2-1/2*
2-1/2*
2-1/2*
2-1/2*
2-1/2*
2-1/2*
2*
3-1/8*
2*
3*
2*
7-1/U*
2-1/2*
2*
2-1/U*
19'>0-52
19?0-S2
igSl-Sl
I9?l-^"i
19^1-53
19S2-5''
19'i2-'i'i
1953-')'i
(taxable)
(partially)
(taxable)
365
e6o
(taxable)
( taxable)
(partially)
2.151
761
598
7U8
279
5
3''7
(partially)
(partially)
(taxable)
631
2,611
l,UU9
509
9U2
296
1958-63
(taxable)
(partially)
(partially)
3.823
982
919
27U
U59
U20
December
June
December
I960-65
1962-67
1963-68
(partially)
(taxable)
(taxable)
1.U85
2,118
2.831
June
December
March
September
196U-69
196U-6q
1965-7"
1967-72
(taxable)
(taxable)
(taxable)
(taxable)
3.761
3,838
5.197
2.716
Total Treasury bends
195'i-6o
19')6-'!8
1956-159
5?
2.900
81.271
3
2!^
U51
263
6.951
fe7 fire,
c&aualty,
and marina
Invar anoa
ooapaalaa
GOTaramant
a^canolaa and
troat funda,
and Vadaral
Besarra
lanka
Bald )v
othar
InTaatora
aU
Treasury Bulletin
50
Treasury Survey of OwnerBhlp of Securities Issued or Guaranteed by the United States,
October 31, 1944 - (Continued)
Table 2.- Public Marketable Interest-Bearing Securities
-
(Continued)
PART B - DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDINO-( Continued)
(Far Tsluai - In sllllone of dollars)
(Tex atatuB Is shown In parentheses kj)
January
5i
1^45
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
)
,
Treasury Bulletin
52
Over-the-Coiinter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
November 30, 1944
Table 1.- Securities Issued or Guaranteed by the United States Government
PART A
-
TAXABLE BONDS, NOTES, AND CERTIFICATES
Price data
(Price decimals are
t hlrty- eco nds )
Change
In
standing
(MilLlons)
Price range
since first traded' 2/
(Price decimals are
thirty-seconds
Yield data 1/
mean
Yield
from
Oct .Jl
2/
yield
from
oot.n
Maturity
yield
Price
191*
191*
Issued by U.
S.
19I* price range 2/
(Price decimals are
thirty-seconds)
Dat<
Ooremment
Treasury bonds
$1,115
3.062
l.OlU
1.292
2,098
1.963
U,939
7.986
510
1,02U
5.825
1.501
1.1*9
3.823
2.118
2.831
3.761
3.838
5.197
2.716
2*
- S/lS/ltS-SO
1^/U.
- 6/15/118
- 6/15/1*9-51
- 9/15/lt9-51
%
-l2/l5/t9-51
- 3/15/50-52
- 9/15/50-52
- 9/15/51-53
2H
2*
-12/15/51-55
2-1/2*
- 3/15/52-5't
2*
- 6/15/52-5U
2-l/"t*
- 6/15/52-55
2-1/24
-
2-1/2*
3/15/56-58
- 9/15/56-59
- 6/15/62-67
2-1/2*
2-1/2*
-12/15/63-68 kj
- 6/15/6I1-69 5/
2-l/Ult
y
w
--•'•-69
-12/15/611-69
5/
a
-70 53/15/65-70
9/15/67-72 1/
2-1/2*
2-1/2*
.00*
1.62*
101.29
101.10
101.25
101.21
101.20
101.30
101.12
101.26
101.22
101.21
101.30
101.11
101.26
101.22
101.20
1.39*
1.36
1.58
1.63
1.66
101. lU
101.06
100.22
100.23
103.27
101.15
101.07
100.23
100.25
103.29
101.11*
1.71
1.78
1.89
1.89
1.93
1.79
100.13
102.01
103.21
100.16
100.17
100. ll»
100. lU
102.03
103.23
100.18
100.19
102.02
103.22
100.17
100.18
1.9U
1.95
2.13
2.20
1.95
2.03
2.18
2.21
2.I16
100.05
100.02
100.02
100.02
100.13
100.07
100. OU
100.06
100.03
100.03
2.U9
2.U9
2.U9
100. oj
100. lU
2.1*9
100.01*
100.01*
100.15
101.06
100.22
100.21*
103.28
1.71
1.71*
1.75
1.81*
10/19/1*2 101.20
U/i5/i*3 101.12
6/26/1* 100.20
9/20/1*1*
2/25/1*2 102.11*
6/2/1*1 105. 08
7/19/1*3
11/5/1*1
10/5/1*
2.1*7
2/1/1* 100.21
5/5/1*2 101.01
2. 1*9
12/1/1*2 100.26
2.U9
U/I5/U3 100.20
100.12
2/1/1*1* 100. lU
10/20/1*1 103.15
2.1*9
100.01*
100.03
9/25/1* 100.01
9/25/1* 100.08
100.03
12/5/1*1 100.01
9/25/1*1*
2.01*
2/25/1*1 102.05
100.01 12/23/1*2 101.15
100.06
8/5/1*2 101.30
8/2/1*1 100.22
9/20/1*
9/1/1*
9/20/1*
9/19/1*
9/15/1*3 100.26
12/15/1*1 101.16
3/3l/l'l 106.16
1.92
1.92
2.1*7
3/15/Ul 10U.05
12/1/1*2 101.15
1/15/1*2 101:30
5/15/1*2 101.28
7/15/1*2 101.27
8/2/1*1 101.01*
5/29/1*3
10/6/1*2
8/5/1*2
101.29
9/20 101.06
9/1 101.18
9/20 101.12
9/19 101.09
U/2l*
9/25 101.00
9/25 100.21
11/8/U3 100.26 9/25 100.06
12/5/1*2 100.25 11/25 100.08
3/20 /Ul IOU.O5
V3 103.20
11/2/1*2 101.20
5/3/1*3 101.12
7/1
U/1
U/1
2/1
1/13
I'ill
1/3
100.08 7/2l*/l* 00.20 9/20 100.08
100.16 2/18/1*2 102.08 9/25 101.20
101.30 12/26/1*1 103.26 11/18 103.06
100.01 2/29/1* 100.21 10/5 100.01
100.00 8/17/1*2 100.21 9/19 100.09
7/2U
100.00
100.00
100.00
100.00
100.11
2/17
3/2
6/1/1*3 100.00
100.00
9/16/1*6 100.00
9/16/1* 100.00
11/5/1*1 100.01
2/17/1* 100. lU
3/2/1* 100.12
3/2/1*1* 100.12
2/16/1* 100.11*
1/2/1*2 100.18
9/19
9/16
9/16
9/16
9/13
2/1
2/1
2/29
2/U
V?
2/16
7/8
Treasury notee
2.127
1.606
.90*
1-1/U*
3/U*
?3l
6/ .90*
- 3/15/>»5
- 1/1/U6 5/
- 3/15/'t6
.69*
100.05+
'':?6*
.67*
100.06+
99.31
.81**
.68*
100.06
99.30^
85*
.59
.81
100. ou
100.01*
.90
1-1/2* B -12/15/'»6
100.21**
1-1/lt* B - 3/15/'»7
1-1/2* A - 9/15/'*7
1-1/2* A - 9/l5/'t8
100.07*
100.25
100.17*
100.25+
100.08+
100.26
100.18+
100.25
100.08
100.26
100.18
1.11
l.lU
1.20
1*
3,261
I.9U8
2.707
A
.06
U.877
1.615
U.770
2.511
3.69"*
3.U92
7/8*
7/g*
7/8*
7/g*
1.35
7/8*
7/8*
7/8*
9/23/1* 100.01
9/21/1*1* 100.08 U/30/U
9/30/1* 100.16
9/20/1* 100.05
+27^ 11/21/1*
[per
.83* ll/22/lt3'
+27^
11/a
.79*
U/30
.81*
3/21
.79*
3/29
6/23
7/10
1/31
M,
.81*
3/21/1*
3/29/1*
6/23/1*
7/10/1*
.00*
.00*
.00*
-.01*
8/1/1*
9/1/1*
10/1/1*
.75* 8/31/1*
•78* 8/30/1*
.80* 11/30/1*
11/21/1*
11/21/1*
11/21/1*
8/31
78* 8/30
.80* 11/30
11/21
.81* 11/21
.81* 11/21
9/2/Ul
99.25 12/27/Ul
1*/2U
11/30
U/1/U5
.00*
5/l/'»5
+ .01*
-
6/1/1*5
P -
8/I/U5
.79*
.79*
100.21* 11/29
100.08 11/30
100.17 3/a
100.05
3/8
.56* 11/30/1*
.70* 8/30/1*
.70* 8/30/1*
.73* s/30/1*
B D -
9/1/1*5
9/23
9/21
9/30
9/20
2/1/1*
U/1/1*
5/1/1*
6/26/1*
-.01**
2/1/1*5
- 10/1/1*5
100.30
100.13
100.30
100.21
.00*
.00*
12/1/U3
A-
It
9/25/1*2 100.20
12/18/1*0 100.18
6/5/1*2 100.30
6/26/UU 100.13
100.30
100.21
Certificates of
Indettedneas 5/
12/1/1*
3.539i 7/81
5.01)8
.86* I/2U
67* 11/29
«6* 1/2U/1*
.67* 11/29/1*
7/7/U3 100.00 10/30/1*2 100.16 1/15 100.06 11/30
98.28 IO/6/U2 100.00 11/20 99.22 1/21
9/9/1*1
.8^6 u/30
11/30/1*1*
11/30/1*
11/30
.85*
12/1/1*
.85*
.85*
U/l/Ul 100.18 10/25/Ui 99.02 12/29/1*2 100.08 8/22 100.00 3/15
2/1/1*
-.02*
-.02
-.02
100.03
1.291
3.7'tS
D- 3/IM5/
B -W/IS/I*?
.81**
.79*
.70*
.70*
.73*
8/30
8/30
8/30
•
Ouaranteed by U. S. OoTemment 2/
OeiMiodtty Credit Corp.
$U12
1-1/8* a - 2/15/U5
100.02
.82*
100.03
PART B
Amount
outstanding
(Hill Ions)
-
+.13*
7/21/Ul
TAXABLE TBEASURX BILLS
January
1^5
53
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
November 30, 1944 - (Continued)
Table
1.
Securities Issued or Guaranteed by the United States Government
PART C
Amount
outstanding
(milions)
-
TAX-EXEMPT BONDS AND NOTES
(Continued)
5*^
Treasury Bulletin
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
November 30, 1944 - (Continued)
Table II.
Mount
outeta&dln^
-
Securities Issued by Federal Agencies but not Guaranteed by the United States
January
1^45
55
YIELDS
OF TREASURY
SECURITIES NOV. 30,
Based on Mean of Closing Bid and Asked Quotations
46
t
48
50
'52
54
'56
58
•60
62
•64
66
1944
•68
•70
Treasury Bulletin
56
Revised Average of the Yields of High-tirade Corporate Bonds
The Treasury average of the yields of highgrade corporate bonds has been revised, beginning
November 1, 19^-, by the addition of three new
bonds to the average and by the removal of three
Prioe and yield data as
bonds from the average.
of November 1 for the old and the new Issues are
shown In the following table:
modest premiums.
All of the bonds now Included
are given Aaa ratings by Moody's Investors Service.
cent
same
The new average on November 1 was 2.63 peras compared with the old average for the
There is thus a
date of 2.37 percent.
Price
Description
Yield
(Percent)
Bonde added:
Consolidated Oas Electric Light and Power Company of Baltimore,
2-3A'8 of 1976
Philadelphia Electric Company, 2-3A's of 1971
Standard Oil Company of California, 2-3A's of I966
IO3-3A
101-lA
102-3/1*-
2.57
2.68
2.58
3ond8 removed:
New England Telephone and Telegraph Company, 4-1/2 's of I95S-6I.
Bell Telephone Company of Pennsylvania, 5'8 of 1957-60
Norfolk and Western Railway Company, It-'s of 1996
Composition of revised series:
Illinois Bell Telephone Company, 2-3A'8 of I9SI
Boston Edison Company, 2-3A's of I970
Consolidated ftae Electric Light and Power Company of Baltimore,
2-3A' s of 1976
Philadelphia Electric Company, 2-3A'b of 1971
Standard Oil Company of California, 2-3A's of I966
,
2.4l
2.32
2.81
101-3/4
2.6
129-3/4-
102
IO3-3A
,
101-1/4
102-3/4
ii
2.57
2.68
2.58
2.63
2.57
New Average.
Old average.
The principal reasons for the revision were
to exclude from the average all bonds due or
callable at par In less than I5 years, In order
to make It more nearly comparable with the average of the yields of long-term Treasury bonds,
March
1944
was
similarly revised In
which
("Treasury Bulletin", March 1944, page 58), and
(2) to secure a more homogeneous and representaselling at
tive average by eliminating bonds
It will be noted that the relarge premiums.
(1)
vised average consists entirely of 2-3/4 percent
bonde, all of which are currently quoted at
small break In the series, which Is explained by
the fact that the average yield of the three new
Issues Is higher than that of the three Issues
removed.
The last previous revision of the average
occurred as of July 1, 1941, and was discussed in
page 21.
the 'Treasury Bulletin" for July 194l,
A discussion of the corporate average, its compoand the chief considerations underlying
sition,
its construction appeared In the "Treasury Bulletin" for April 1943, page 6I.
Average Yields of Long-Term Treaeury and Corporate Bonds
(Percent per annuo)
Date
132-1/2
1214-
January
1^5
57
Average Yields of Long-Term Treasury and Corporate Bonds
(Continued)
-
(Percent per anniB)
Partially
tax-exempt Taxalile
Treavury
Treeieury
bonda \j
lionde 1/
liondB 2/
Hontbly series
IJllO-July.
2.85
2.80
2.71
2.21
2.09
2.01
2.70
2.65
2.59
^r..
2.12
2.22
2.12
2.57
2.71
2.73
July.
Aug..
Sept.
2.OU
2.06
2.08
ipr..
May..
June.
2.07
2.OU
2.01
2.76
2.75
2.70
Oct..
Sot.
July.
Aug..
Sept.
1.98
2.01
2.02
2.€6
2.65
19U3-Jan..
1.98
1.95
2.06
19142- Jan.
2.10
2.17
2.10
Feb..
Mar..
.
z.m
2.3l»
2.jU
2.61
2.57
2.1(7
May..
June.
ig^S-July.
Aug..
2.1|«
Sept.
zM
2.76
1.91
1.92
1.90
2.1)5
1.90
I.9U
1.95
2.1(8
2.U6
2.1(8
2.58
2.57
2.59
2.60
2.61
2.63
Oct..
Sot.
2.7U
2.73
2.73
19l4»-JaD..
Teb..
Mar..
1.95
1.93
1.91
2.1(9
2.1(6
2.09
2.10
2.13
2.U5
2.H7
2.U9
2.72
2.71
2.72
Apr..
May..
June.
I.9U
I.9U
1.91
2.1(8
2.11
2.11
2.12
2.ue
2.Ug
2.70
2.68
2.70
July.
Aug..
Sept.
1.89
1.90
1.93
2.1)9
2.1)8
2.05
1.96
2.M8
2.U£
1.93
1.90
2.1(8
2.1(8
2.55
1.51
2.1*5
1.91
1.93
1.93
I.9U
1.93
2.1(7
2.55
2-53
2.55
2.55
2.55
1.93
1.92
2.1)8
2.0>t
Sec.
2.1)8
2.M8
2.77
2.76
2.75
2.07
2.06
May..
June.
Highgrade
corporate
bonde 2/
- (Continued)
J{/
2.30
2-31
2.25
Aug..
Sept.
Partially
Taxable
tax-exempt
Treasury
Treasury
bonds 1/
bonde 1/
HighPartially
tax-exempt Taxable
grade
TreaBuiy Treaeruy corporate
bonds
1/
Ijonde 1/
bonda Zj
Hljji-
erade
corporate
2.U5
2.U3
zM
2.U7
2.1)8
.
Sec
2.68
2.65
2.63
2.1(8
2.U9
2.U9
2.1(8
2. 1)9
2.U9
2.U7
2.65
2.65
2.6U
2.61
2.58
2.58
2.59
2.57
2.55
2.61 U/
Weekly series - Saturday figures 2/
19l(l(-Jas.
igUVOct.
8.
15.
2.
i.gu
1.95
1.95
1.95
2.1(9
2.1(9
2.62
2.1(9
2.65
2.67
1.95
2.1(9
l.9l(
2.1)9
1.92
1.90
2.1(9 6/
2.1(9
1.89
1.90
1.91
1.93
2.1)9
2.1)9
2.1(8
2.1(8
2.66
2.66
2.65
2.65
2.1)8
2.61
1.93
1.93
1.93
1.96
2.1)8
2.1(9
2.62
2.62
2.60
2.60
1.93
1.93
1.93
1-93
1.93
1.93
2.1(8
2.
2.1)8
2. 51*
2.1)8
2.53
2.1)8
2.1)8
2.51*
2.51*
2.1)8
2.53
1.93
1.93
1.92
2.1)8
2.55
1.92
1.92
1.92
1.92
1-93
1-93
2.1)8
2.1)8
51*
2.1)8
2.1*8
2.1*8
2.1*8
2.1)8
27.
June
3'
2.55
2.55
2.1)8
2.51*
2.1)8
2.51*
2.1)8
2.55
2.55
1.95
2.1(9
2.1)9
1.91
1.92
1-91
1.89
2.1)9
1.90
1.88
1.89
1.89
1.90
2.U9
19W(-0ct. 23.
1.93
1.93
25.
26.
2728.
1.9!*
I.9I*
30.
31.
Hot. 1.
1.91*
1.9"*
1.93
1.92
1.92
1.92
1.92
1.92
1.92
1/
1.91
1.91
1.91
11.
2.1(9
1.94
1.9U
1.90
1.91
1.91
1.90
2.55
2.55
2.1*8
2.1*8
6.
13-
2.66
2.6U
2.6U
2.62
l.9i(
1/
1.92
1.92
21.
2.U9
19l4l(_May
2.61*
2/
2.1)9
2.1(9
2.1(9
2.1(9
2.59
2. 59
2.57
2.57
2.57
2.58
2.59
2.59
19l(l(-Sept.
1.
9.
16.
2330.
2.U7
2.1*7
2.1(8
2.1(8
2.1)8
2.1)8
2.1)9
2.1)8
2.53
2.55
2.55
2.58
2.1)9
2.1*9
2.1)9
2.60
2.60
2.1(8
2.58
2.56
2.57
2.U8
2.56
2.1)8
2.1)8
2.1*8
1.92
2.1)8
1.91
1.89
2.1)8
2.1(8
2.1)8
2.62 \]
2.62
2.61
2.60
Treasury Bulletin
58
1
vert
2
-
(fi
a
z
o
m
UJ
O
o
o
Q.
q:
>-
<
S
LJ ^
rr ^
a:
LxJ
I
O
o
UJ
>UJ
<
UJ
§
S
2
2
-
-
2
2
PER
-
-
-
-
January
1^5
59
CORPORATIONS AND CREDIT AGENCIES
OF THE UNITED STATES GOVERNMENT
60
Treasury Btdletin
Sources and Application of Funds of Government Corporations and Credit Agencies
For the Three NJonths Ended September 30, 1944
(In tbouBoode of dollarB)
Coordinator
of Inter-
American
Affairs
2/
Sources of funds
BoztovIzicb:
froB U.S. ?r«afliiz7
I^om OorerzuDeat agencies.
Arom pul>llo
1.028,000
Total 'borrowings
2,U79,952
l.lK)2,203
^.750
Capital and etirplus eu'bscrlptlonei
By U. S. Treaffory
By OoTemment a^ncles
By patllo.....
Total capital and surplne eabscrlptlons.
1*56.835^
»+,000
U62, 17U
^
Approprlatlone
Sale or collection of InreBtmenta:
Pobllc deM obligations of United Statee.
Secnrltlee of Oovemment agenclee
Other eecnrltlea.
1.080,121+
Total sale or collection of Inrestmente..
1. 080.866
Eepaymente on loans
Sale of acquired aecmrity or collateral
Decrease In worldng capital and deferred Items
Ponds provided by profit on operations 8/3/
Other
10,
2.07^,592
5^?'^
j/j
78,1*57
ftinds
Bepayment of borrowings:
To U. S. Treasury
To Ooremment agencies
To
7/
694,580!^
102)0672/
8.603,385
Total fand£ proTided.
Application of
k^
7'*1.5llO
1,180.1*53
276,071
pabUc
Total repayment of borrowings.
Bepayment of paid-in apltali
To n. S. Treasury
To OoTernment agencl ee
To pablic
Total repayment of pcddr-ln oecpltal.
1
Purchase of InTeetmentei
PabUc debt obligations of United States
Securities of CoTemment agencies.......
Other securl ties
Total purchase of Inreetoent*
Loans made
Acquisition and ImproTement of acquired security or collateral
Acquisition and iniprovement of land, struc••
tures and equipment
Increase in working c^qjltal and deferred Items,
Funds applied to loss on operations 8/
Other ^plications
,
Total funds applied
Adjufltmente of net Inoome or lose
Het Income or loss 10/
Depreciation and obsolescence
Assets eharged off
Coital gains and- losses 11/
Adjustments of valnation reserree
Other adjustments
Punde proTided by profit on operations.
Funds applied to loss on operations....
-1/
January
1945
61
Sources and Application of Funds of Government Corporations and Credit Agencies
For the Three Months Ended September 30, 1944 - (Continued)
(In tliQusands of dollarB)
-i/
)
62
Treasury Bulletin
Sources and Application of Funds of Government Corporations and Credit Agencies
For the Three Months Ended September 30, 1944 - (Continued)
(In thoueands of dollars
-1/
January
1^5
S3
Sources and Application of Funds of Government Corporattons and Credit Agencies
For the Three Months Ended September 30, 1944 - (Continued)
(I3 thousands of dollare)
'^
6k-
Treasury Bulletin
Sources and Application of Funds of Government Corporations and Credit Agencies
For the Three Months E^nded September 30, 1944 - (Continued)
(in thooeaads of dollara)
11
January
65
1^5
INTERNAL
REVENUE
STATISTICS
..
.
)
.
Treasury Bulletin
66
Sunmiary of Internal Revenue CollectlonsiJ
(In thouBaiulG of dollars)
Income and profits taxes
lotal
receipts
from Internal revenue
(Dally
Treasury
Statement
1935
1936
1937
1938
1939
'
Total
Internal
revenue
collectionB
MJUBtment
to Dally
Treaflury
Statement
>
Total
Income
and
profits
taxes
Corporation Miscelincome and laneoTia
excess
profits
profits 2/ taxes 4/
Individual
2/
3.277.690
3,512,852
U,597,1M0
5, 671*. 31s
5,161.231
-U,101
+18,521
-37.168
3,281,791r
1,105,788
527.113
3,lf9'*.331r
l,U27,l*l*6r
67l:,lil6
4.63l*,308
+30,1)70
5.643,81*8
2.179,828
2,629,030
-1,133
5.162.36U
2,185,111*
5.303.13'*
5.322.T71
7.351. 53l*r
13.029.915
22.368,724
2,129,609
3,471,124
572,115
73S,521r
1,056,909
1.299.932
l,122,541r
6,560
lU,509
982,017
1,120,582
2,016,297
1,417,655
1*, 687, 1*62
3,262,300
?.58l*,715
6,629,932
14,629,3l*4r
18,26l,005r
27,010
37,172
1,091,741
1,286,312
1,028,834
19"*?
7.361.675
12.993.118
22,143,969
-19.637
+10,141
-36.797
-22U.755
19W
Ul,68l»,987
+l,565.'*77
1*0,119,510
16,298.888
33,027,802
2,089.229
5.017,358
1,1*70,850
1.11*7.55'*
4,590,615
2.175.565
2,088,4g5r
3.133.366
5,808,888
1.581*. 390
1.039.536r
2. 07s. 328
1,914,138
3.330.1*35
2,809.003
2,289.328
4,568, 413
2,2l*3,79l*r
1,318,91*1
1,31*0,416
19U0
19U1
191^2
S.006.g8l*r
19U3-i;oTeml)er
Decemlier
2. Ill*, 721
+25.1*91
5.U83.636
+U66.279
19l4^Jaimaiy<
Felffuflry,
2.188.1(09
2, '63, 723
+99,921*
-669,61*3
March.
6,352.536
+5U3.6U7
April
2,935,115
Kagr
3,02?. 5U5
5. 734,169
-395.320
-52,628
+622,512
3.076.173
June
July
l,98l».6Ufi
2.702.1(86
5.71*8.985
-635.503
-47,863
2,620,11*9
2,750,3'*9r
September.
+691,71*8
5.057.236
1,729,1*91
1,712,1*02
4,1*89,671
-607,262
-95.871
2.'*87.738r
2,396,21*0
1,809,766
1.633. 189
. .
1,880,476
2,300,370
5, 111, 65 8r
2,476.721r
5,358,106
Ikployment taxes
l,356,37ir
1,322,758
287
1,21*1*,
Old-age
insore
erormci
42,786
265,7^5
742,660
33.71*0
740,1*29
56.6a
S4.2l*l
137,l*52r
833.521
605,350
687,328r
925.856
1.185.362
895.336
1,498,705 1,131,546
1,738,372 ,290,025
106,123
100,658
119,617
156,008
183,337
6,202
5,205
28,012
122,183
317.390
SU, 530
199,849r
1*9,590
3,l*83r
12,250
9.753
18,970
97.605
3,260,51*1*
403,887
366,022
6,663
5.96!*
552.95?r
420,344r
3,108,461*r
478,507
382,066
8,501
6,836
ljasurenee6/
58.119
90,267
101,167
205,gl*7r
3.1*15.956
ment
207,339
502,918r
529,g36r
242,827
38,450
538,65£r
396,188r
Unemploy-
1,1*96
u
11*9,476
109,427
122,0l(«
137.871
170,1(09
211,151
265,011
8,339
l,085r
36.859
97.336
3.049
Railroad
retirement
Us
287
1*8
15,7l6r
4,832
307,5
,410,2
l,859,23rr
1,288,899
n,178
Social Security
taxes
Total
amploy-
28,61*lr
35.868
79I*
20,206
1*3.057
91,109
4.602
25'*,715
4,51*2
11.081*
136,1*75
127,846
261,058
38,50s
a6,672
5.9^1
8,966
677
35.1*20
114,095
243.026
125,1*70
5,688
7.991
2,937
35,528
3.353
199.507
1.165
1,894
38,060
38,689
2,688
3'*.'*7S
Iliseellaneoua internal revenue
Total
miscellaneoxie
internal
revenue
1935.
1936.
1937.
1938.
1939.
l,61W,7nr
191*0.
191*1.
2,359.
2,00l*,513r
2,188,735
2,272,158
2,236,821
Capital
sto<ik
tax
91,508
9U.9U3
137,499
139,349
127,203
July
Au^at.
...
September
75^,183
776,889r
529,058r
5^3,877
520,025
ce:
r
1/
g/
^
4/
379.5UO
416,754
396.891
38,681
39.057
41,702
41*9,351*
91,051r
76,173r
80,161
117,502r
l,l*23,l*80r
1,618,01*5
988,1*83
50,800
mr
117.303
120,194
93,058
87,101
3.93'*
56,156
3.999
6U.39I*
52,181*
38,l*50r
107,886
108,395
123,999
77,211
67,U70
76,697
I.275
60,361*
68,029
62.6U6r
58,720
193
152
1.035
56,103r
41,862
l69.333r
182,345
4,300
'*.321
51,297
76,663
50.06I*
I9l*,363
4,450
61*,44lt
70,206r
96,775
102,910
128,357
193,918
29,170
l*7,687r
209,93?r
201,914
132,761
71,586
87,679
211*,068p
139.09'*
8l*,763
115.099r
18,640
36U
38,520r
31,707
28 6r
472
62,670
35.310
319,869
l*,123r
U,586
77.31'*
36,022
77.507
196,077
5,3^5
5.1U2
203,75'*
Dally Treasury Statements;
(1) Total receipts from internal revenue;
Reports of collections mads
(2) Detailed collections by type of taxi
by collectors of internal revenue,
Revised.
Excludes collections for credit to certain trust accounts for terrltoriea and Insular possessions, etc.
Includes collection of taxes withheld by employers pursuant to the
Revenue Act of 191*2 and the Current Tax Payment Act of I9U3.
The excess
Inclujies Income tax collections on Alaskan railroads.
profits tax included In this column Is that Imposed under the
Second Revenue Act of 19l*0. as amended.
Consists of the declored value excess profits tax. the profit lim-
1*5.155
^
6/
3/
656
95.259
adjostment
taxes
526,222
62.323
i43,925p
206,331
1*00,501
732.332
1,075,401
70,1*82
76,201*
72, 269
57,924r
76,35U
113.119
102,617
iting provisions of tho Vinson Act. and the tsx on unjust enrichment.
Represents collections under the Federal Insurance Contributions
Act commencing September 1939; prior thereto, collections under
Title VIII of the Social Security Act.
Represents collections under the I^sderal Unemployment Tax Act
commencing September 1939; prior thereto, collections under
Title
of the Social Security Act.
Rei«esents collections under the Carriers Taxing Act of 1937.
Includes tax collections under the Sugar Act of 1937 and under
tho dividends tax imposed by the Act of June 16, 1933.
n
j/
9'*,
Apical tor al
l43,5l(0
447,496
511,210r
381,912r
482,985
3'*2,275
68,990
69.919
1*6,233
1*1,083
1,048, 165
1944-Janaary.
?ebniary.
March
498,^9
579.781*
1*3,133
1*32,51(0
-1*2
April.
May...
June,.
593.831
567,669r
587,605
447,038
617.373
852,069
670,015
728,694
375.552
388,293
339.25'*
1*01,192
360,715
'58,776
500,785r
551,923
567,777
1*10,926
505,21*3
Miscellaneous
taxes
o08,073r
697,712
780,792
923.857
19l*3-Novamber.
December.
1944.
305.518
416,871*
turers' and
retailers'
excise
taxes
lobaooo
taxes
62l*,06l*
2.95!*. 553
3,837,670
4.571.131
5.353.336
1942.
212,112
378,81*0
HanafacAlcoholic
beverage
taxes
360,071
407,058
132,739
166,653
281,900
328,795
380,702
61*1
Estate
and
gift
taxes
January
1^5
67
COLLECTIONS OF INTERNAL REVENUE
"DOLLARS
Biniont
Total
40
35
-Fiscal year
30
Y^Comparlson
25
5 months
1944 and 1945
first
fiscal years
20
15
10
5
1930
•SI
32
'33
'34
,'35
37
36
38
DOLLARS
Blllloni
18
1930
'St
'34
'86
15
'39
40
41
42
43
44
'45
Treasury Bulletin
6s
Detailed Analysis of Internal Revenue Collections
(In thcmaands of doUare)
Hscal years
19^3
Income and froflte taxes:
Individual:
Withheld ^y eoployerB:
Current Tax Pajnent Act of I9U3 2/
Hevemifi Act of 19U2
Other:
Ourrent 2/
•
Back
Total IndlTidonl Incotoe taxes
First 5 noatha
19IA
2,09l(,3i9
7,038,1(38
78i(,997
686,015
5.771.001
172.916
6,629,932
10,253,831
'.136,967
383,885
lt,762,7ll*
5, 063. self
9,3lt5.l98
781.113
2.665,397 r
123,686
183.7110
18,261,005
5,661(,515
:
Corpore-tioni
Incone taxes:
Current 2/
B:xk
•
Exceso profits taxes (Second HercBme Act of 19^,
as amended)
Total corporation taxes
Miscellaneous profits taxeei
Declared value
Vinson Act
Tftijust enrlchnent
Total olscellaneous profits taxes
1,39!*, 892
123,299 r
521,1(31
2,116,292
lU, 629,31114 r
9.5S>t.7l5
136,980
.'
Total Income and profits taxes
137.1^52 r
8l*,2Ul
16,298,888
33,027,802
1,131,51*6
anplojTnent taxes:
Social Security taxeei
Old-age Insor anoe U,'
Iftiemployment Insurance 5/»*'
Total Social Security tezei.
Hellroad retlrecDent 6/.
Total ecployment taxes.
156,008
1,290,025
183,337
l,287,55'»
1,1*73,361
211,151
265,011
ilscellaneouB Internal revienuei
C^dtel stock tax
380,702
1(73,1*66
Estate tax
01ft tax
Alcoholic tereTs^ taxes*
MstlHed spirits (imported, excise)
Distilled eplrlte (domestic, excise)
Distilled spirits rectification tax
Vines, cordials, etc. (imported, excise)
Wines, cordials, etc. (domestic, excise)
Brandy used for fortifying eveet vines (repealed
ae of July 1, 19^*0)
Dealers in distilled spirits; rectifiers; mannfao••
turers of stills (special taxes)
Stamps for distilled spirits Intended for export..
Case stamps for distilled spirits bottled in bond.
Container stamps
Plcor taxes
Fermented malt liqaors
Brevers; dealers in malt ll<7uors (special taxes)..
Total alcoholic beverage taxes
Tobacco taxes:
Cigars (large)
•••
Cigars (snail).
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chewing and smoking)...
Cigarette papers and tubee
Leaf dealer penalties, etc
Cigarette and cigar floor taxes.
Total tobacco taxes
Stemp tax6B!
Sonds, Issues of capital stock, deeds of conveyance, etc
transfers of capital stock and similar Interest
sales
Playing cards
Silver iTulllon sales or tranafers
Total stamp taxes
32.965
37.71*5
S3,lw6 r
698,300
1S,8J6
286,871
611, S35
32.920 r
30,068
18,S7l(
l(,027
8,109
2
1.369
8,516
85,831*
:
559.152
3.375
1,618, oi(5
30,152
107
23,075
97
30
88
903,95s
7.692
835,231
l.m
U7,8U9
1,U72
k
8,556
1*5,263
923.857
988,1(83
1,164
2
50
21,766
15.585
7,69!*
26,21*3
:
17,096
7,l(ll»
Ill
K7
5.155
50,800
:
3,63i(,l4SU
^
January
1^5
69
Detailed Analysis of Internal Revenue Collections
^
- (Contlnuedl
(In thoueacde of dollora)
First 5 months
191*3
November
lioveciber
191*3
191*1*
30,870
163,250
27.761
3.292
23.576
3.102
6.750
33.115
5.715
5.702
857
17.179
20,951
U.109
V^
W7
Fiscal
year
191*1*
191*5
MlBCellaneouB Internal renrenue (contlmied)l
Memif acturers' and retailers' exclee taxeal
lAibrl eating oils
Sasollne
,
Tires and tubes
Floor tejces on tires and tubes
Automobile trucks and buses
Other automobiles and motorcycles
Parts and accessories for automobiles
Slectricel energy
Electric gas, and oil appllsACee
Slectrlc llfbt bulbs md tubes
Ilectric signs (repetled as of ll/l/lt2)
Hndlo sets, phono^ephs, components) etc
Phonograph records
Musical instruments
Mechanical refrigerators, alr-condltloners, etc..
Matches
Floor taxes on matches
Business and store machines
•..
Furs - retailers' excise
Jewelry - retailers' excise
lAlggage - rstallers' excise (effectlTB U/l/lA)...
lAi£ga€« - manufact'jrers' excise (suspended bz of
1*3,318
52.1*73
288,786
18,280
271.217
1*0. 309
65
3.2l*7
1,1*21*
1.222
31.551
51.239
5.027
5.368
255
1*8.705
6,913
3,657
,
611*
5.561
I.8I7
1,280
5.966
9.367
l4.5ltB
3.1(02
1.1*36 r
1,889
721
315
1.963
736
223
1.293
17.672
88,366
U3.373
37.31*7
6.U6I
2.658
3.622
352
182
35
278
161
61
69
721
21*1
1.71*1
3.1*03
599
3.1*88
21*0
59.763
27.255
5.8U2
7.288
1.599
318
3.328
kMs
71*8
1.1U3
9
1*57
201
51
6?3
sol*
8.251*
13.25s
5.932
5,682
i*.777
8
5
11.165
5.11*3
6.598
921*
ll*.8S5
11.907
295
88
26
1*9
1*,068
2,1*98
166
i.oUr
32.677
*.790
ii*,03l*
1.386
30.255
165
2,781
. 25?
6,526
1.W9
1.061
31
293
1,687
1*0
1*08
62
37
68
10
282,1*51
1*33,91*2
56,156
95.259
2.728
670,015
1*1*1
1*
1.121
2
1(81
Total manufact-jrors' and retailers' exolse taxes.
728,691*
5
I
Bituminous Coal Act of 1937
Sugar Act of I937
Telephone, telegraph, radio, and oabX«, leased
5.626
53.552
1,1*03
1.329
68,789
31.21*3
33,968
5,201
wires, eto
Ijocal tslephone service
••
Transportation of oil by pipe line
Transportation of persons, seats, bertha
Transportation of property (sffectlve IS/l/ltS)...
Oss of motor vehicles (sffectlve 2/l/HS)
Use of boats (effective 2/1/U2)
Leases of safe-deposit boxes
Adnlssions to thoatera, concerto, eto
Adnieslons to cabarets, roof gardens, etc
Club dues and Initiation fees
Bowling alloys, pool tables, stc
*
Coin operated devices
Adulterated and processed or renovated butter,
mixed flour jj and filled cheese
OleoEiarg&rine, including special taxes
Narcotics, including marihuana and special taxes.
Coconut and other vegetable oils processed
National Firearms Act
All othsr, incl-idlng repealed taxes not listed
above
91.171*
11*1.275
56,987
13,672
87,132
82.556
90.199
15,851
153,683
56,235
35,791
81,1*23
9,516
5,661 r
11*6.289
13^,326
378
6,070
.'52
138. 05I*
16.397
6,520
1.653
175.563
26.726
9.182
2,208
10,1*87
2,621
788
1.939
20
Total mieoellaceous Internal revenue.
Total intsmal revenue collections
Adjustment to Dally Treasury Statement.
Total recelots froa Internal rsveima (Dally Treasui7
Statement)
16
52.091
6,21*7
6.831*
108. 0J2
95.841
69.553
91.526 r
125.598
191
2.610
70,089
21^.1*88
119.277
J
6,1*52
ll*,sl*7
9.365
1.329
19.385
17,525
571
8,651*
199
2,817
131,867
23.969
18.1*75
3.0?*
1.511
15,065
ll*.l*7l*
18
i*,o^
2,071*
2.1*27
275
369
779
7.190
16
3U7
1,613
13
261
2.368
10
1*2
1*30
32
525
102.617
6.591*
1*97
ll*.679
25.1*21
1.710
S.762
971
131
1*,802
563
52
606
3,21*1*
529
17
201
Total oiscellanecms taxes
7
732,332
1.075.1*01
522.759 r
683.997
70.U82
571, 131
5.353,336
2,1*37,023 r
3,12l*,031
375.552
520.025
22. 368.72!*
1*0,119.510
12,553,11*8 r
15.311,713
2,089,229
2.396.21*0
-22l*,755
+1.565,1*77
+950,706
22.11*3,969
1*1.6b1*.987
13,503,851*
1*,
Sally Treasury State(l) Total receipts from Internal revenuei
fieports of colments; (2) Detallsd collsctlons by type of taxi
Prevised.
*
Lees than $500.
Excludes collections for credit to certain trust acoounts for
territories and Insular possessions, etc.
Consists onl^- of collections for which returns have been filed
with the Collector of Internal Hevenue. Colleotlonfl under this
not as shown in !)ally Treasury Statements consist of withholdings
deposited in Sovomment depositaries in addition to paynents aa-
-691*,
ll*.
750'
616. 962
25.1*91
.111*.
721
J/
conpanylng returns filed with the Collector of Internal Rsveaue.
Current coHeotlons consist In general of taxes paid within twslve
months after the close of the taxable year for vhloh the return wai
!*/
Represents coUectloiu under the Tedsrel Insuranee Oontrlbutlona
lections m&de by collectors of Internal revenue.
r
2/
f5
8.31*3
Photographic apparatus
;
fiubbar articles (repealed as of ll/l/l*2)
Sporting g«ods
Toilet preparations - retailers' excise
Vashln« machlnse (repealed as of 11/1/U2)
Firearms, shells and cartrld^s
Pistols and revolvers
Bepsaled taxes not listed above
1/
20.55>*
I.65I*
1,009
121 r
OptlCEil e(!ulpment (repealed as of ll/l/Vs)
Soureel
1
656
755 r
12.100
Pi
2.U06
8.671
55
3.760
58.726
1*1*.
l/l/W)
taxes
15.210
?5
U,230
20.1*78
21.861 r
121.01*9
filed.
Act.
5/
5/
2/
Represents collections under the Federal lAietnployment Tax Act.
Represents collections under the Carriers' Taxing Act of 1937.
Tax imposed upon the manufact-jre and sale of, and the occupational
tax on. mixed flour repealed as of Kovanber 1. 191*2.
70
MONETARY
STATISTICS
Treasury Bulletin
1^5
January
71
Gold Assets and Liabilities of the Treasury
(Za mllliona of dollars)
Ihd of calendar
jrear or month
Oold reserre
Ooia cartlfIcatea l/
against n. 3.
notea, otc. 2/
StaklUiatlon
fciidi/
8,238.6
10.122.9
11.257.6
12.760.0
lU.sil.a
5,27U.O
7.679-5
8.959.6
9,212.3
11.872.8
156.0
156.0
156.0
156.0
156.0
1,800.0
1.800.0
1,800.0
1,800.0
1.800.0
1,008.6
1939
19W)
19U1
l9Us
19^3
17, 61*1 .U
21,99ij.5
22,736.1
22,726.3
21,937.8
15.278.6
19.825.U
20,564.8
20,611.9
19,821.0
156.0
156.0
156.0
156.0
156.0
1.800.0
1,800.0
1,800.0
1.800.0
1,800.0
UO8.9
213.2
215.3
19U3-SIo™mlier...
OBceaber..
22.06U.7
21.937.8
19.953.1
19,821.0
156.0
156.0
1,800.0
1,800.0
155.6
160.7
ISWt-Jaimarjr. ...
21.918.2
21,711.6
21.599.9
19. 800.7
19.591.0
i9.'*n.2
156.0
156.0
156.0
1.800.0
1.800.0
1,800.0
I6U.6
166.7
April
Hay
Jtme
21,1*29.2
19.319.2
19,150.9
19.063.5
156.0
156.0
156.0
1.800.0
1,800.0
1,800.0
IS"*.©
21,263.7
21.173.1
July
SepteDber.
20.995.9
20,926.3
20.825.1
18,876.9
18,812.4
18,700.7
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
163.0
157.9
168.3
October. ..
EoTember p.
20.726.7
20.688.5
18,605.1
18,581.1
156.0
156.0
1,800.0
1,800.0
165.5
151.3
193"*
1935
1936
1937
1938
February.
March
.
ia^Bt
Soxiroe:
p
1/
DEdly Treasury Statements,
Prellmlnnry.
Conprlaee (l) gold certificates held 1^ the publlo and In federal
Reserve Benke; and (2) gold certificate oredlts in (a) the Oold Cer-
2/
2/
1*87.
31*1.9
158.1*
160.7
161.1*
156.8
153-5
tificate Amd - Board of DoTemors, S^sderal Raserre Systai, and
(b) the Bedemption Tend - federal Eeserre notes.
Beserre against United States notes and Treaaory notes of I89O.
ZzclTides gold in actlTe portico of Zxohange Stabilisation Itand.
Monetary Stocks of Gold and Silver
(In mllliona of dollars)
l>nd
of fiscal
j^BX or month
Sold
($35 per
^
fine ounce)
9.115.6
1935
1936
1937
1938
1939
Silrer
($1.29+ P«
fine onnoe)
12,318.3
12.963.0
1.1*63.1
2,21*9.5
2,51*2.1
3,066.1*
16,U0.1
3.605.2
10,608.1*
19U0
19.96J.I
191*1
22,62>*.2
i',wi.^
191*2
i*.306.3
11.298.5
191*1*
22.736.7
22.387.5
21.173.1
19U3-EoTeisber
22,o6l*.7
U.213.7
Bscember
21.937.8
i*.2oe.6
21.918.2
21,711.6
21,599.9
l*.17l*.9
21,1*29.2
1*,088.3
U, 083.6
191*3
igUlt-Jamiaiy
Febiniary ................................ ...........•••••••.•.••••••..i
March
April
May
July
August...
September..
October
Norember p
Sonreel
p
•••••••••.•••••••••••••••••••••••••••.
.....••
Daily Treasury Statement and Circulation Statement of TTnlted States
Money,
^eliminary.
U.1U7.1
l*,ll*2.6
13.8
17.5
17.2
19.1
18.3
16.5
15.5
15.9
16.1
15.7
16.0
l£.l
16.0
16.0
16.1
3.9117.9
16.0
16.1
15-7
20.995-9
20.926.3
20,825.1
3.938.3
3.910.1
3.905.9
15.8
15.7
15.8
20.726.7
20.688.5
3,839.0
3,877.6
15.8
15.8
21,263.7
21,173.1
••.•.••.•••••»••••••••••••••••••«.•••..••••••••••••••.
3.947.9
Batio of
silTer to gold
and sllTer in
monetary stooks
.
...
.
7
.
Treasury Bulletin
72
Components of Silver Monetary Stock
(In mllliona of dollars)
Silver held in Treasury
Securing eilver
certlflcatoe 1/
End of calendar
year or month
Silver bolllo
Silver dollare
Subsidiary
coin 2/
1*.2
89-3
262.7
35.2
3«.1»
305.3
323.5
1,279.7
1.970.1
5.7
5.K
3.5
31*7.7
1*28.6
1*1.3
350.lt
2,1*02.3
U3.1*
i*l*.i*
366.9
372.8
2,806.5
535-3
1*99.0
5.3
2-3
3.5
9.2
616.0
657-U
662.3
628.2
551.8
1*8.1
391*. 1
52.5
63.0
78.8
96.8
1*22.1*
1*.
1*93.5
l*,2l*lt.8
587.3
u. 317.6
681*. 7
l*.
207.3
IU.6
19.1
553.8
551.8
91*.
u.
96.8
67U.2
6SU.7
213.7
208.6
17.3
19.5
18.8
20.2
17.6
15.1
538.7
528.1*
97.7
98.6
100.2
685.5
686.2
691.8
1*,17'*.9
l*,ll*7.l
392.6
390.8
389.2
18.0
21.1
12.5
9.7
7.8
101.7
103.5
105.2
697.0
i*,oss.3
706.
U.083.6
3.9U7.9
1,520.1
1,520.1
1,520.1
387.6
385-8
383.7
20.1*
1*1*3.9
21.2
15.1
1*28.9
1.520.1
1,520.1
381.8
380.0
U9U.6
191*1.
1,1*76.1
1*81*.
19142.
191*3.
1.516.2
1,520.0
19U3-Hovember.
December.
1.520.0
1,520,0
1*10.
J
1*00. l|
19UI*- January..
1,520.0
1,520.0
1,520.1
396.7
1,520.1
1,520.1
1,520.1
July
August
Septembe
October. ..
November p.
.
Silver
dollars 1/
lt.2
1.298.2
1.398.1
May...
June.
Bullion
^
505-7
503.7
502.7
1939.
19U0.
i^>ril.
Bullion for
recolnaee
5O8.I*
211.6
576.9
775.9
938.8
1.137.6
February.
Harch
Subsidiary
coin 2/
508.
193519361937.
1938.
193'»-
Total Bllve
at $1.29
per ounce
In Oeneral Fund
1
ll+.l*
20.1*
525.6
505.2
1*99.8
U31.6
106.8
108.6
110.6
1*20.1
U12.6
Sally Treasury Statements and Circulation Statements of United
States Monc^.
Preliminary.
Less than $50,000.
Valued at $1.29+ per ounce.
2/
2/
111*.'
7IU.I
3.3'*6.8
3.790.2
060.0
1*,
U,lii2.6
739.1
3.938.3
3.910.1
3.905.9
750.3
761.3
3,889.0
3,377.6
729.1*
Talued at $1.38-*- per ounce.
Valued at $1.38-*- per ounce or at $1-29 por ounce according to
whether the bullion is held for recolnage of subsidiary silver
coins or for recoinage of standard silver dollars.
Silver Production In the United States and Silver Acquisition by Mints and Assay Offices^
(In millions of ounces or dollars)
Silver acquired by mints and assay officee
Newly mined domestic
silver 2/
Nationalized
silver
^
Foreign silver hf
Ounces
193"*
lU.l
27.3
U7.3
51*. 6
U2.U
172.5
71.3
61.7
21.8
38.0
61.1
70.6
61.6
63.9
6g.3
71.1
60.7
68.3
70.5
1*0.1
282.8
139.8
72.6
1*7.9
31*.
32-5
U5.6
1935
1936
1937..
1938
63.1*
1939
19IJO
191*1
191*2
lU
19U3
191*3-Oetober.
271.9
2U1.C
355.it
1*8.5
50.1
lUO
3-9
120.5
50.9
27.1
6.0
30U.9
155-9
53't.3
3W.5
333.''
1*17.1
197.8
163.3
199.1
3''3.3
160.6
208.0
1U3.I
62.1
5.5
99.1*
312.2
77.2
1*0.0
3.9
.2
.
November.
December.
19'll*- January.
5.5
U9U.I*
86.5
318.2
150.3
108.7
I5G.9
u.o
.
February.
March
J^ril
May
June
3.1
3.5
2.9
July
August
September.
3.5
3-1
2.3
October.
2.9
Source:
•
1/
2/
.
Silver production: Annual Beporte of the Director of the
Mint for annual figures through 19U2, releases of American
Bureau of Metal Statistics for all later figures.
Less than 50,000 ounces or $50,000.
For information on silver production in other countries from
1933 through 19I10 or 191*1, see "Treasury Bulletin" for
August 19U3, page 7I*.
Acquired at 6*1. eU*- cents per fine ounce until ^rll 9, 1935;
^
U/
at 71. 11"^ cents per fine ounce from that date until April 23*
1935; at 77.57+ cents from April 23. 1935 to December 3I, 1937;
at 61*. 61*+ cents per fine ounce from December 3I, 1937 to July 1,
1939; and at 7I.II+ cents since July 1, 1939.
Acquired at 5O.OI cents per fine ounce. Executive Proclamation
of August 9, 193I*, repealed April 28, 1938.
Acquired at various prices averaging approilraately 5I cents per
ounce.
1^45
January
73
Seigniorage on Silver
(ComulatlTtt from January 1, 193^ - In allllosfl of dollars)
Ihd of calendar
year or month
Seigniorage
on eilTer
and Minor
colna
1935.
1936.
19371938-
SonroeB of seignloraee on ellTer litillion reTalued 1/
Kiac. ailver
(Incl. ellTer
bullion held
June lU, 193U)
t.5
18.5
Us.
W.l
63.7
69.5
Hevly-alned
silrer (Proo.
Dec.
a,
Nevly-ained
ellTar (Act
1933) Juir 6. 1939)
397.5
5O8.I
616.0
51(1.6
3U.7
3U.7
705.6
580.
3't.7
799-7
950.6
1.055.8
1,089.0
5eu.3
31*.
818.
1,01(8.2
302.7
366.7
lt«.7
7lt.9
'i57.7
3U.7
3^.7
3^.7
U«.7
U8.7
87.3
87.6
87.6
87.6
87.6
530.7
562.7
1(8.3
63.1
65.3
58i».3
3'*.
65.3
65.3
19'*3-HoTMber.
Deoamber.
297.1
299.6
lt«.7
87.6
87.6
19Ul»-JainiAr7.
yabnaary.
March. . .
301.9
303.6
305.7
U8.7
U8.7
U8.7
87.6
87.6
87.6
iprll.
toy...
Jxme..
308.8
315.6
322.6
1(8.7
87.6
87.6
87.6
jTiljr
S«pt«mlar.
326.2
332.7
336.7
U8.7
87.6
87.6
87.6
65.
October...
NoTenber.
31)2.8
1(8.7
351.3
1(8.7
87.6
87.6
>»8.7
>18.7
U8.7
U8.7
Its.
l4g.7
M8.7
'»«.7
28.5
3'».5
2
25-7
3|t.7
3U.7
5SU.3
58U.3
58U.3
3''.7
58U.3
3K.7
65.1.
58l».3
5«l(.3
3'*.7
65.U
58l(.3
65. i(
58U.3
58U.3
3"*.
65. 1(
58U.3
3lt.7
65.1(
58l(.3
3t.7
65.U
65.U
2/
7
7
58U.3
%:l
Ikll7 Treaenry Stateae&te.
Theie Iteme repreient the difference between the cost value and
the monetary Talue of silver bullion revalued and held to eecure
759.1(
5Sl(.3
65. i(
2/
132.6
16.8
36.0
58.0
It.
Potential
eeigniorage on
silver bullion
at cost in
Oeneral Tond
1(22.1
U8.7
U«.7
lt8.7
Total
selsniorage
on Oliver
revalued
IE8.7
326.2
51.1
19U2.
19U3.
Source:
1/
193»»
Nationalised
•llTer
(Proc, of
Ang. 9. 193^)
.U
91.7
122.2
182.1
2U5.7
299.6
1939-
Silrer Pttrohaee Act
of June 19,
3'(.7
3't.7
3'».7
3'».7
3'».7
7
27l(.9
758.8
820.6
967.3
820.6
820.6
968.7
967.3
820.6
820.7
820.7
9I13.9
820.7
820.7
820.7
887.0
878.3
791.1
820.7
820.7
820.7
760.1(
820.7
820.7
7U1.I
728.3
926.8
922.7
781.8
756.7
silver certiflcatee.
The figures in this column are not cumulative; ae the amount of
bullion held changes, the potential seigniorage thereon changes.
Net Capital Movement to the United States, 1S35 through September 1944
[in thouflands of dollars.
Set capital oatflew (-)J
Analyala of net capital movement
Movement in
short-term
banking funda
Movement in
brokerage
balances
Movement In
transactions
in domestic
securities
Movement in
transactions
in foreign
securities
Calendar year:
2, 1935-Jan.
1, 1936).
(Jan.
2, 1936-Dec. 30, 1936).
(Dec. 31. 1936-nec. 29. 1937).
(Dec. 30. 1937-Dec. 28, 19T8).
(Dec. 29, 1938-Jaa.
3, igUO).
1935
1936
1937
1938
1939
(Jan.
I9I1O
(Jan.
(Jan.
(Jan.
(Jan.
(Jan.
19U1
1910
191(3
19l(l(
1»,
1.
1,
1,
1.
Total (Jan.
2,
19110-Dec. 31, 191(0).
19l(l-Dec. 3I, 19U1).
19l(S-Bec. 3I, 19H2).
igUj-Dec. 3I, 191(3).
1,1(12,1(86
96l(,629
1,195.922
801,915
397. 3'«
255.59l(
6,039
6,811
316,660
600,693
3'*.687
2Ul(.626
1(15.256
331,268
1.132.383
3U
32,990
-85,1(27
852.928
-286,622
561,573
-1(9
-261,955
3.513
1(6,599
1,195.635
706,380
-1(96,923
19l(>(-8e{it.30,
ISW
6ol(,3a
1.283.593
312.356
1935-8«»t.30,
i.^)
7,l»30,9lH
57,196
-2l(5,062
125,158
191,076
267,008
26,758
115,689
l,l61(,758
170,815
27,767
3».717
78,156
51.703
-7.36U
77,696
100,360
3.^.6&f
737, SlU
1,026,21(0
21,0l)l(
21.1(99
1.52U
-3.932
Month:
19l»3- September.
October. .
Hovember.
December.
I9'(l(-Jannai7...
Tebmary.
March
^ril...
Hay
June.
.
1(5,011
1.903
133.267
168,979
135.679
565
-7K7
163,1(36
l,30l(
l(U,99U
55.551
2.383
-687
2.715
-9,008
15^.350
155,209
11(5,622
l(U,3Ul
11(7,637
76,736
-713
1.831
68U
-6,005
3.686
-12,985
1.1(05
1,038
1,151
-^7,329
-1,289
1.616
-7U7
1(11
l,2l)5
-5,U38
-6,082
22,268
-2,123
26,572
-36,215
-116,872
119
650
2.313
"(.525
28,l(5l(
76,013
3.851
16,569
.
July
August
Septembe
.
17,1(80
10 ,53'*
-9.953
-57.289
Back ngures: Monthly data for the period January iSkl throu^
June 19l(2 may be found in the 'Treasury Bulletin" for
September 191(3, page 73.
2,1(1(5
-978
5.859
-7,532
.
Treasury Bulletin
7*^
Money in Circulation
(In miXliona of dollare)
Ind of fiscal
year or month
Total
nooer In
clroolatlon
i/
total
papor money
Oold
certificates
2/
5. Ill*
1935
193S
1937
1938
1939...
19U0
19111
19lfZ
ITederal
States
notes
Beaem
7,*7
6!4«8
1,1*51*
7,8l«
9. Sis
12.383
7.21*8
1.582
21*8
8.932
11,600
1.711*
1.75I*
16,1*92
21,1*38
1.6U9
300
317
322
322
18,912
19,430
1,571
1,566
32l*
19.516
19,806
20,086
1,522
1.507
701*
i*,i69
269
l*,lllt
l*,l*gl*
165
150
139
132
126
i!6s^
9.310
13.71*7
18.750
129
129
315
320
318
16,871*
£a
17.176
17.1*29
620
613
1.550
1,601
1.588
3a
17,852
18.395
18,750
6O8
603
597
m
21,622
22,200
22,688
1.578
1.582
1.586
322
323
18,951
19.527
20,017
590
587
582
125
125
125
23.300
23.875
1.592
32l*
20,631
i,6oi*
325
a.199
ISUU-JaBoary....
Febroary. ..
March
20,824
April
May
Juna
21,552
22, 160
22,504
20,513
21,105
21,1*38
July
Au^Bt
22,699
23.292
September.
23.79I*
October....
Horember p,
2l»,425
25.017
2/
3.223
4,002
627
ao,Mt9
U5
Hatlonal
lank
notes
16,205
16,737
19. 918
Oecemtier.,.
21,
notes
Tadaral
Seserre
Bank
notes
il—
285
278
281
2d2
266
5.755
5.924
19U3-HoTenker...
End of flecal
year or month
2/
Tteltsd
701
955
1.078
1,230
22,50U
1
Treasury
notes
of 1890
S.aUi
6,1*7
6.U61
17,4a
191*4
117
SllTsr
certificates
1.51*3
Standard
318
32"*
322
32I*
621*
128
128
127
126
12I*
5^
12>*
UNITED STATES
TREASURY DEPARTMENT
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, «300
OFFICE OF THE SECRETARY
WASHINGTON 25,D.
C.
OFFICIAL BUSINESS
PERMIT NO. 1002
FORM A-l/45-2000
FCp/ICTORY
Treas.
HJ
10
.A2
1945
C.2
U.S. Treasury Dept,
Treasury Bulletin
@FedFRASER